APPEAL TO PRIVATE INDUSTRY
Help in Balancing Budget]
In America
NEED FOR RE-EMPLOYMENT; OF WORKERS
By Telegraph.—Press Assn. —Copyright!
(Received January 8, 7.45 p.m.)
Washington, January 7. President Roosevelt’s message to-1 day put directly up to private Indus-j try the task of helping the Govern-’ meat to balance the Budget, stating that the deficit "may be expected to decline as rapidly as private industry is Able to re-employ those now without work.”
The gross deficit in 1936 will be approximately 4500 million dollars, representing the cost in the next fiscal year of ’putting 3,500,000 persons to work.
Regular and emergency expenditures for the first three years of the New Deal total 24,206,000,-000 dollars, while receipts amount to only 10.819,000,000 dollars. The national debt has been raised from 22,500,600,000 dollars to 34,250,000,000 dollars by January 7. 1935. President Roosevelt has requested Congress to provide four billion dollars for the work relief fund. In a message forecasting a new peak in the public debt at June 30, 1936, Congress was informed that the Government income would meet all expenditures except those to give work to the unemployed.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19350109.2.93
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 28, Issue 89, 9 January 1935, Page 9
Word count
Tapeke kupu
185APPEAL TO PRIVATE INDUSTRY Dominion, Volume 28, Issue 89, 9 January 1935, Page 9
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in