Evening star. [volume] (Washington, D.C.) 1854-1972, 1942-01-07
Outlay Is Called
Largest Of Any
Nation in History
(Tert OF Budget Message,
Page A-8.)
By JOHN c. HENRY.

uSS "A y"
BY JOHN c. HENRY.
President Roosevelt laid before
Congress today "the budget of a
Nation at war in a world at war
calling for the expenditure of
approximately $4,000, 100000 in
the United States battle effort of
the fiscal year 1943 and propos-
ing new taxation estimated to
raise about $4,000, 100000.
Described by the Chief Executive
at special press conference yester-
day as probably the biggest budget
in the history of any nation at any
time, this proposed fiscal chart
would leave the United States on
June 30, 1943, with a public debt of
s110,42l .038 ,997.71. All 1943 expendi-
lures, including debt retirement, are
estimated to total $50 OPT 900 900.
Facing facts as the course of his
tory now seems destined to shape
them, it is more than probable that
the debt will be even larger than
this record-breaking estimate.
To Pay Whatever Price"
The Presidents message, sent to
Capitol Hill for reading before both
branches of the Congress, was
screened in all the generalities
which might properly be expected in
the case of "a nation at war but
there was no dispersion of single
intense emphasis-that here was
represented the determination of
Government, and a people, to pour
every ounce of effort and economic
strength into the cause of defeating
our enemies.
Nothing short of maximum will
suffice" Mr.. Roosevelt said with
quiet realism II cannot predict
ultimate costs because cannot pre-
dict the changing fortunes Of war.
I can only say that we are deter
mined to pay whatever price we
must to preserve our way of life"
Noting that actual war eXpendi-
lures are now running at rate OF
S2000,00O 900 monthly and are likely
to surpass $1,000 100000 monthly
during the 1943 fiscal span, the Pres
ident itemized estimated expendi-
lures of s18,618,615,O 900 for the War
Department during this period, So
849 1853, 900 for the Navy Depart
ment and s1O,318,212, 900 for the ma
tional defense activities of all other
Government agencies. To this total,
he added the round figure estimate
of $1,000 100000 under the heading
of supplemental items"
"a Billions Available.
With these four categories
amounting to So. TBS, 10000. the
President pointed out that there
should be added the net war OUTLAWS
of such Government corporations as
the Reconstruction Finance Corp. in
the sum of nearly $1,000 900 900 to
bring the total expenditures for the
year to approximately s56,000, 600, 900
more than half of the estimated
national income during that period.
Already appropriated and avail
able for application to this gigantic
program is s24 1000 ,OOO,O 900 in unobli-
gated funds, to which Mr.. Roosevelt
asked the speedy addition of $13,634,-
614,769 in appropriations This latter
sum, the President broke down to
give the War Department Sc, 1888, O91.-
TAT, the Navy Department $685.
746,-768, and all other departments
$l.313,776.254.
Left unestimated and unitemized
was space for supplemental appro-
priation items BY contrast with
the Is billions for which he is asking
quick appropriation, the actual war
appropriations in the present fiscal
year already have passed the $37,-
000,000,000 mark and there is no
doubt that this figure will be far ex-
ceeded before the 1943 fiscal period
Is completed
Large supplemental requests will
be made as we move toward the
maximum use of productive ca
pacity," Mr.. Roosevelt promised
For public notice, the President
Informed the Congress that Il can
not hereafter present details of fu-
ture war appropriations. However,
total appropriations and expendi-
lures will be published so that the
public may know the fiscal situation
and the progress of the Nations
effort"
Estimates Revenues.
On the revenue side of his 1943
balance sheet, the Chief Executive
estimated that net receipts for the
present fiscal year will be S11,943,-
$4,000 and that continued opera
ton of the present tax structure
would bring in s16,487 200 900 in the
succeeding II months.
With 1912 expenditures already
slated to exceed s3O,575 900 900 for
a budget deficit of S18,63l .8O3, 1862.
the public debt as of next June 80
Is now figured at ,697.
In event Congress should fail to
Impose new taxes for 1943, an emf
nently unlikely prospect, the deficit
under the present schedule and the
contemplated expenditures would
amount to 42,440, 1872 300 for the sin
gle 12-month period. Even with
100000, 900 of the new taxes which
Mr.. Roosevelt is asking-s2, 900 ,OOO,-
600 more taxes would go to social
security reserves-the deficit for the
coming year is bound to exceed $685.
100000 900.
Total receipts from existing tax
legislation will triple under the de-
tense and war programs" the Presi-
dent said, referring back to a scant
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