| Show sen taft to answer presidents budget challenge friday cleveland ca vel a n d ohio J jan an I 1 sm S n rohr A taft F id jaru 1 ir r 5 will answer the pros dant ud adje C ballenge challenge hal lenge with a plan to stop fad eral deficits it was announced 1 I 1 here heie oday under the ti le ie mr president li 0 r s how to balaich 3 the aud get the ohio wll paak 11 R 14 0 T 1 X SENATOR ROBERT A TAFT before the chicago bar association in chicago on friday january 5 his speech will be heard over the blue network of the national broadcasting corra con ip ny 90 aco t to 1000 p m estern E stern standard time the senators recent tt teniente and the presidents reply have brought the issue of government spending more forcefully before the public than at any time since the new deal took office after senator taft during his recent trip through new england declared 1 that deficit spending can and must be stopped president roosevelt told news men on december 12 that he would like to be shown a way to balance the budget he added that he would offer a very handsome prize if i the senator would tell him how senator tafts answer will come at a time when interest in federal spending plans will be keen since the official budget estimates for the fiscal year enang june jane 30 1941 will just be going to congress washington reports since the beginning of the controversy between senator taft and the president indicate that the new budget will show a smaller deficit than that for the current fiscal year it has been anticipated that cuts in various bureaus will more than offset the increase to be recommended om for national defense with public sentiment overwhelmingly behind senator taft in his belief that deficits can be stopped new deal spokesmen have been silent as to their former claims that a steadily increasing public debt is the route to prosperity A year ago this doctrine was being proclaimed as a buildup build up for the big budget for the present fiscal year now with an election year ahead it is evident that fiscal sails are being tri trimmed mined but a substantial deficit is still expected in the budget estimate this week usually the actual expenditures tures for a given year are much in excess of the january figure the cut in the deficit it is indicated will be due in a large part to better prospects for federal revenue because of the war time upturn in business also to a tapering off of public works and other programs from past high levels thus the real job of budget balancing by cutting non essentials and retaining essential relief and public services remains to be done in boston on december 12 a few hours after the presidents press conference sanator taft said of course the budget should be balanced and by the reduction of government expense we cannot go on with deficit and debt A careful study of the budget ind indicates i cates that it could be balanced in about two years at a figure of approximately seven billion dollars the administrations apologists always say the budget cannot be balanced there is only one conclusion found to that argument that conclusion is national bankruptcy and inflation the destruction of the american system of private enterprise and probably the destruction of democracy itself it is an unthinkable alternative senator taft has referred the country to the presidents budget balancing promises of 1932 as a strong argument for a return to sanity in the management of the peoples money |
