Imperial Valley press., 1945-01-09
TREASURY OPERATIONS

TREASURY OPERATIONS
Here in round numbers are COM
parative figures ON the treasury S
operations as budgeted for 1916, ex-
Guiding net expenditures of govern
ment corporations and credit agen-
cies which are included in overall
expenditure figures:
Net receipts (estimated): 1916
SAL, 254,000,000; l945 (estimated)
s45. .729, 100000; 1914 (actuaD, s44,-
148,000,000.
Total expenditures teStimated)
1916, So, $50, 100000; 1945 (estimat-
ed, s98,9l2, ,O0O,O 900; 1914 (actuaD
$93, ,743, 100000.
Deficit (estimated) : 1916, SAL ,275,-
100000; 1945 testimatedD, $685.
100000; 1914 (actuaD, S49, ,594, ,000, 900
These estimates will be materially
changed if Germany should COL
lapse within the next II months, a
distinct possibility although the
budget message avoids any predic-
tionS.
War cost estimates cover continu-
ing lend-lease. Mr.. Roosevelt esti-
mated that about Cne-sixth OF our
current war outlays are for lend
lease, relief and rehabilitation. Lend
lease will be liquidated with the end
of the war he continued, but he
warned of heavy postwar relief
burdens in the liberated areas"
He said $3.50 100000 already had
been appropriated for the United
Nations relief and rehabilitation ad-
ministration. And, he added, if the
sum proves inadequate I'VE must
take additional measures, in COOP
Grafton with the other United Ma
tions, to make sure that the peoples
of the liberated countries have es-
sential relief from the devastation
of war"
AGRICULTURE
Mr.. Roosevelt recommended ap-
preparation of s512,OO0,0OO to assure
continued high agricultural produc-
ton.
He proposed that the borrowing
authority of the farm security .ad-
ministration be increased from $67,-
100000 to Sl25, 100000 for rural re-
habilitaticn and from Sl5,000,0 900 to
$4,000 600, for tenant-purchase pro-
gram. This recommendation was in
anticipation of needs of returning
war veterans.
Mr.. Roosevelt asked congress to
increase the borrowing authority CT
the rural electrification administra-
ton from S25,00,000 to $50, 200, 900.
SOCIAL SECURITY, EDUCATION
Il hope" Mr.. Roosevelt said, that
congress will give early considera-
ton to extension and improvements
in our social security system and
will re-eXamine the financial basis
of the program"-an invitation to
congress to permit payroll taxes to
increase to the extent originally
contemplated in establishing social
security fund.
The message recommended basic
reorganization of the office of edu-
cation in the interior department to
make it more useful to the states
in developing adequate educational
programs.
PUBLIC WORKS
In addition to the recommended
appropriation of S279,000,000 for
public works. Mr.. Roosevelt recon-
mended appropriations for planning
of public works projects already
authorized as a move to stock up a
shelf of meritorious construction
and development projects to be un-
dertaken as manpower and mate
rial become available" He said
plans for s1,5O000O,0OO in federal
public works and $1,000, 100000 in
federal-state road programs would
be ready by June 80. 1916, but that
we need more projects in the PLAN
ming stage for the postwar period.
TAXES
Minor tax adjustments can be
made, Mr.. Roosevelt said, when war
developments permit a major de-
cline in war expenditure.