The Wilmington morning star., 1941-01-09
F. R. SENDS CONGRESS
IT, BILLION BUDGET
Continued From Page One)

cause the cost of aid to England
had still to be added, and revenue
gains from a new tax bill lncreas-
ing the rates had still to be added.
Tentatively, it was estimated
that the public debt would rise
from the present figure of $45, 000,-
900, 900 to $58, 1867, 065, 056 on June
80. 1912.
The President asked emphatical-
ly for the passage of a new tax
measure, together with new levies
designed to prevent anyone from
making an abnormal net profit
from the defense program. Rising
tax rates levies on a rising ma
tional income could, he suggested,
provide greatly increased reve-
nues. He estimated national in
come for the fiscal year at $751;
600, 600, 900 highe than 1929.
Despite the size Of the figures it
contained, the budget was received
in congress with an almost sur
prising equanimity. 1t had, of
course, been known for months
that the totals would run to I'M
precedented proportions. Admins
tration leaders were quick to
praise the recommendations, while
the most emphatic criticism came,
not from the balanced-budget
group, but from those critical of
the Presidents foreign policy.
Comment
Thus, Senator Wheeler 3D.
Mont.), a leading opponent of the
lease-lend plan, said the budget
tables would wake up American
taxpayers to the cost of fighting
another European war;" and Sena-
tor Vandenberg (R-Mich.) observed
that his digestion was not good
enough to take this budget down
at one. gulp."
At the other end of the capitol,
Rep. Treadway of Massachusetts,
ranking republican member of the
ways and means committee, pro-
posed the appointment of a BIZ
partisan h~ouse-senate committee
to coordinate federal expenditures
and revenues. 1t was impossible to
balance the budget now, he said,
but congress should remember
that we are treading a dangerous
path which, as the President once
said, leads inevitably to national
bankruptcy"
The message with which Mr..
Roosevelt accompanied the budget
began with an emphatic restate-
ment of what he %conceives to be
the necessity of the time-a pro
gram for total defense of our de-
mocracy," with industrial capac-
ity stepped up to a point at which
it can provide the essential ships,
tanks, planes and other war sup
plies,
"It, is dangerous to prepare for
a little Defense" he said. cit is
safe only to prepare for total de-
Tense. . A wry turn of fate
places this defense burden upon
the backs of a peace-loving PEG
pie"
The proposed national defense
expenditures, he said, were part
of a tentative $28, 900, 600, 900 pro-
gram, but he warned thai mo one
a predict the ultimate cost of a
program that is still in develop
ment," and that when we recall
the staggering changes in the
world situation in the last
months, we realize how tentative
all present estimates must be-"
An accompanying table b r k e
the $28, 900, 600, 900 down into: $13,-
704, 900, 900 for the army, to train
and maintain a force increasing
from $50, 900 in June, 1910 to I'll
fields at other suitable locations
along the coast.
Resolved further, that this resolu-
ton be published and copies of the
same be sent by the president of this
club to each Of the organizations,
senators, representatives in congress-,
depa IF mont IF conservatism |