Show one year of republican rule shows tremendous savings reduction 0 of f over billion in public debt and nearly two billions in public expenses congress cuts budget requests V B S WILL WILI B n WOOD INDIANA MEMBER or OF HOUSE conci ON yea pr I 1 4 r dl ng took office J c on tharl ar J 1 th the first complete comp loto a ryer I 1 year or 0 0 gove cut nes indar n r ra hla a tm dm nis 1 ra a 0 ba ahl 01 ou hil at assi ru ju S L dijt y i dilno ass u 1 ur U was w F IQ call 7 alth tho the e S ant 0 ae cho f al aff S ettelt AR it 95 x tentative tentatively T tub sub Z to d by tho the various departments for or tho the neal year 1931 1922 aggregated the operations opera tlona of that taftt fineal year have just clo closed fleA TY 7 the application of prea pure by the president exerted through the sureau dureau alq and lan with the tion of the heads head of d departments and other administrative off icons the ordinary tor for 1922 achuta actually amount to a reduction bt bf from the figure submitted by the departments at the beginning of the fiscal year the first budget submitted in de camber indicated a deficit tor for this same earno fiscal year of how the efforts of the administration have been in holding down expenditures and conserving revenue ta la attested by the fact that instead of a deficit there was a surplus tor for the year ot of the total public debt ot of the united states on june 30 1921 one year ago was waa this sum had bad been reduced on june 30 1922 to a reduction oi of 10 the policy of 0 the administration has baa been a return to normal conditions in public expenditures how well this has been accomplished Is amply reflected by a glance at the expenditure pend iture figures of preceding years the republican party gained control of the congress in the elections of 1918 1919 and came into power in congress on march 4 1919 during the period the administration was waa democratic and the Con greaD grean was republican requests of the democratic executives for appropriations were reduced by the republican congress by nearly appropriations are the yard stick of expenditures the enforced re in appropriations appropriation and esti I 1 ma U made dp a i in meet oat reduction ill 16 til tho 0 a ap enlie uros the peala of 07 ordinary rJ InarT yai s reached ad teu ehg pay 77 1 4 th the drop to t the 0 local c 1 TOOT la I 1 mot nast r ii the total lor for SI S rit I for tirs year 1 21 areces ecea reces 2 alon on bronger the total down to poj boj fis year yea 21 1 gotaas 1932 1222 t tho toscar aa ra t aine came down to this sum bum in includes udes ot of public debt getlir chargeable to ordinary receipts receipt and should be ba eliminated from the in IF br order to obtain a figure comparable to expenditure figures figurea tor for the fiscal years 1919 1915 1930 and 1921 the 1922 expenditures therefore exclusive of public debt retirements are the reila reduction c d R 01 0 1922 under 1920 Is and the reduction ot of 1922 under 1921 Is IB evidence of the value valtie ot of the centralization ot of congressional ability in connection with the public appropriations Is furnished in the tact fact that Con congress greLs appropriated tor for less than the budget bureau requested in other words although frequently charged with being the spendthrift branch ol of the government in point of tact fact the congress appropriated seven per cent lese leas than the budget estimates asked tor for the people of 0 the united states stater have just jaet reason to be proud of the financial record ot of this administration while other countries are struggling with huge deficits in their budgets and are burdened with enormous taxes and staggering public debt the united states has shown a surplus tor for the fiscal year just closed and at the same time accomplished a most gratifying reduction in its ita public debt |