Henderson daily dispatch., 1939-12-07
Spending to Hit New Top
Next Year; No New Taxes
Continued From Page One)

purely for WindOW-dressing purposes. 4
No major amputatlons are possible.
however. with the entire House and
a third Of the Senate counting re-
election In fact. any actual savings
in the ordinary administrative ex-
penseS will be more than offset by
the cost Of putting nearly $4,000 new
civil employees on the payrOlls dur
ing 1899. plus a tremendous increase
in defense appropriations. The Amer
lean people want to put themselves
in a position where neither Hitler
nor Hirohito can shove them around
This defense spending is a boon
for the administration The country
has been getting fed up on WPA.
Shifting the emphasis from ra1ing
leaves and digging bitches to making
airplanes and rigging battleships is
good stuff politically. Mr.. Roosevelt
has stated that defense expenses will
be tipped $500, 100000 in the next
fiscal year. You have read that he
says it is up to the voters whether or
not they want to pay for this in new
taxes or borrow it. Washington sees
nothing in this y-as-you-go" talk.
It is little ridiculous in view Of the
fact that over $4,000, 100000 have
been borrowed in seven years.
New Spending Peak
If the current level Of business
continues next year, the picture may
be frightened by jump in receipts,
but there will be little decrease in
expenditures. The number Of relief
applicants today is the largest on
record. Moreover, with 1910 being
an election year. look for farm ap-
preparations to top this years record
payments. Hence, fiscal experts esti-
mate total of about $4,000, 100000
will be dipped out if the till next
year, while receipts will roll up close
to $1,000 100000. 1t will be a new
high-Water mark for federal spend
ing-almost double the total Of the
depression years. This means the
country will go into the red to the
tune of $4,000, 100000 or more.
In addition to taxes and expenses,
another issue on the docket at Cap
/
the Wagner labor act. This is strong
ly favored by popular opinion in
many sections as we'll as Industrial
lists. The constant and unnecessary
labor friction under the Wagner act
is getting on peoples nerves. The
public is waking up to the fact that
they pay the bill for the support of
these strikes. However, the labor
bosses control a pretty solid block Of
votes Therefore, some of the more
politically-minded congressman will
not want to do anything about the
Wagner act until the election is safe
ly hurdled
Mead Bill a Dark Horse"
A dark horse" measure which is
in for lot of discussion is the Mead
bill. This legislation is designed to
set up credit machinery for small
businesses which need new capital
Small concerns find it almost impos-
sible to secure the capital they need
for expansion purposes. Many po-
tential new jobs are, therefore, being
still-born. Ever since the small
business" convention two years back,
there has been a good deal Of SYM
pathy in Washington for the objec-
tive of this bill Those who make it
their business to know what's what
in Congress say the Mead bill will be
either passed or put over until 1941-
it will not be killed.
All in ALL the session will be
rather hamdrum affair. The war, Of
-%i
speeches of the flag-Waving variety
for backbone consumption. The
neutrality act will not be shuffled
again. However, the only possibility
of a real battle that I can forsee now
is a surprise presidential proposal
for economy. The President would
make this move purely as buck
passing gesture. Congress would re-
store any cuts in expenses that he
would ask for and, hence, Congress
would take the rap for opposing
economy"
1889 Version of Economy"
But 1910 will see the eighth year
of unbridled public spending by an
administration which was originally
elected on an economy platform.
Many will remember Candidate
stirring speech at Pittsburgh in 1882:
"Many a nation has been wrecked on
the rocks of loose fiscal policy; we
must avoid that danger" That can
didate, as President, has spent $50
600, 100000 and has collected $780,
OOO,0OOOOO in taxes This has given
his Eseconomy" administration a net
deficit of $40 ,OOO.OOO,0OO as its con-