Show ET TOTALS OVER 8 BILLION ILLION Employment Not ot Dole For Jobless T Urged by Nations Nation's Chief Books Wont Won't Balance in 1936 Nuisance Taxes to Continue I 1 IB B Br BY United Press WASHINGTON Jan 7 President 7 Roosevelt today in his annual budget message asked congress lor br a a. lump sum appropriation on of to substitute work relief for the dole in the third year of recover recovery Mr tr Roosevelt estimated expenditures expendi tures at and reported he could not balance the budget as ashe ashe he had hoped to todo do in the 1936 f fiscal al year beginning next July 1 The represents the cost in the 1936 fiscal year of putting to work persons now on the dole There was wac no recommendation for lor increased taxes Exp Expiring r n nuisance levies are to continue Funds Exhausted te Mr Roosevelt said relief appropriations for the current fiscal year would be exhausted early next month He asked congress to transfer for lor emergency emergency emer emer- gency appropriations to pay for lor relief relict re re- lief until useful weful work financed by bythe bythe bythe the government absorbs the the dole dol horde The gross gros deficit it in the 1936 fiscal year will approximate t of ot which will represent nt debt retirement Administration spokesmen assured aured questioners this Text of Message on Pare Page 6 budget was not a step toward currency currency cur cur- rency inflation The president estimated esti mated that persons had been since March 1933 The m message ge estimated that the national debt would increase from Irom rom approximately on July 1 I 1935 to a record high of 34 on Jun June 30 1936 the end of the next fiscal year Budget Balanced Mr Mi- Roosevelt said the budget he lie presented toda today was in balance except ex cx- for expenditures expenditures- to create work for the jobless He asked congress to give him unqualified authority to allocate allocate al al- al locate the recovery and relief appropriation The trend of net recovery and relief relief re lief expenditures is downward for forthe forthe forthe the next fiscal year compared with the one which will end June 30 1935 and regular federal expenses are ue In In- creasing Mr Roosevelt foresees over overall n e expenditure ex cx- of ot in the next fiscal year ear slightly more than half haU Continued on Pate Pare Seven Se IGHT BILLION BUDGET ASKED t I resident Would Give Jobs to Persons in 1 Next Year Continued from Page arl One ant I i it for recover recovery and relief The adi ad- ad is convinced thi this rising ite ite to of of expenditure does docs not in any anyay ay 3 require currency inflation r Gold Profits Intact Profits on gold seizure 2811 seizure 2811 have have have not been tapped so far farr r regular or or- or emergency govern- govern lent nt expenditure That Thai hoard is re- re as a a comfortable backlog of or I ady lady cash for use in unforeseen and emergency Treasy Treas- Treas I ry y statements indicate however I Il l at t some profits proms from the minting of Iver l ver have been spent For national defense Mr 1 Roose- Roose lt proposes an peace peace- me me ne outlay of of oC which proximately L is a car car- rover over from the present fiscal year car he ie remainder is new money money for forie fore ie le e defense of the nation The mes message e did not recommend v f w taxes but asked that expiring nuisance tax levies be enacted Expenses Serea Segregated d Regular expenditures expenditures- in the fiscal ar 1934 aggregated 1935 based on esti- esti ate ales for the remaining months and 1936 Recovery and lief lieC expenditures expenditures' 1934 0 I 1935 and 1936 Total expenditures ex ex- of debt retirement 1934 1935 and 36 The net nel deficit 1934 35 1936 Mr Roosevelt expressed Sed the hope he submitted his message to conc con con- ess that diminishing figures for covery and relief relic and for total ex- ex represented the beginning a series of annual reductions lead g ultimately to an absolutely lanced budget He expressed no when the budget might be lanced A A A Benefits Urged His resume of oC the financial plan for fore e fiscal year yeat 1936 showed that covery and relief costs in the year include a charge of 00 for Agricultural Adjust Adjust- ant t administration payments to 10 tom m era The represents only e excess of A A A expenditures res reser er receipts of oC processing taxation ie Le total A A A expenditures are for the present prese-nt fiscal year rear and processing tax at For the next fiscal year ear Mr Roose Roose- It estimates that A AAA A A taxes will teed expenditures by d this sum has been credited against recovery reco and relief relie ex ex- reducing that sum um from to the foregoing Expenditures Increase m roe rne e upward trend in regular ex- ex was explained b by Mr as arising from transfer m emergency to regular expendi- expendi es various items including I for lor T TV V A which will be an anal an an- anal al 31 charge for some years a 1000 expenditure for public works i highways wa s and the normal costs ofer of ofer ofer er and harbor improvements Assuming that the administration 1 I achieve the rate of oC expenditure posed for the remaining months o of s fiscal year Car and the 12 inning July 1 I 1935 the new deal on June 30 1936 will aggree e That figure repents rep rep- the increase in the national t from Irem on July 1 I 3 to the for which Roosevelt has budgeted as of ofie ie ze 30 1936 11 U Years Show Deficits rhe she record discloses 11 years of 1 kits in the last 23 years ears beginning iu th the fiscal year ear 1914 In the fis Its year 1914 and 1915 the treasury nt at Ll in the red an aggregate of 63 The war years 1917 19 aled an aggregate deficit of 23 Depression ion has cost almost as much the war 1 I 1 the thc six fiscal years ears ears- U l 1 to 1936 inclusive the deficit will regate Veil Yell informed sources said today t the new deal had not fixed any within which the national nation 1 t would be held at all hazards I It S that i if unemployment pre pre- led and millions were dependent the government for subsistence 1 18 8 from now it would be y to provide provid for jor th them m. m Expenditures Estimated lr Sr Roosevelt estimates expendi expends es ea for lor the next fiscal year ear at 8 8 He reported that from 1 1932 to November 30 4 appropriations and authorize is for lor recover recovery and relief aggred e- e ed Of Ot this sum sumie sume ie re e remained unexpended on No- No 30 although a ae ae aie ie e part had hadl been obligated but not sally rally disbursed t is understood that all aU allocated ds ds especially especially P W A obligations obligations- I be disbursed Ir lr Roosevelt's financial resume i ch h was a part a of his message to tress grew and the general budget sum sum- ry which was wac supplementary to the sage presented conflicting figures recovery and relief relic estimates for lor forit 6 the latter aggregating ae rc it- it in in sharp P contrast to in ui the resume e. f Includes Carryover er t fw kS Was explained that nt the f larger fig included include d a carryover carryover m It appropriations Pr corning coming from the R Reconstruction Auction ance corporation t F Fe C also will wll the provide approximately at d the es- es a as relief need for 01 the the rest this fiscal Ical year The remaining will be o of obtained b by trans trans- carryover allocations to P W A ARA R R A A and other emergency organ organ- ons fY r April 1 Mr Roosevelt expects are e some of his work relief ement em em- I Ie nent ent projects under way The p B m Planned directly to em em- persons now on the theand I and as many more indirectly is l f l. l scheduled for per cent operation some time in the autumn Dole to Be Decreased The rhe new deal plans to taper off its dole system of relief relie by expenditure of about between now and July 1 1 There will be further costs cost up to the autumn period when federal work is expected to absorb the relief jobless Thenceforth government government gov gov- efforts will be directed toward toward to to- ward stimulating private business to lake over the employment burden The plan looks to progressive reduction reduction reduction tion of recovery and relief costs If It works R F C loans loans' are being repaid at a arate arate arate rate which creates administration confidence confidence confidence con con- that all credit demands on that agency may be more than met b by receipts re re- The loaning authority expires this month but evidently is to be continue continue con continue although h more as a club over private capital than as a major source tot of credit to industry |