HOOVER'S WARNING
FACING HUGE DEFICIT]
AMERICA'S LEAN TIME
United Press Association—By Electric Zelto graph—Copyright. (Received 3rd December, 9 a.m.)] WASHINGTON, 2nd December. President Hoover has set uiiem* ployment and drought relief at tho top of his programme in his message; to Congress to-day. He requested an emergency ap* propriation up to 150,000,000 dollars to accelerate Federal construction itt the next six months. Estimating thai the year's deficit would reach 180,* 000,000 dollars, President Hoovei; said: VI cannot emphasise too strong* Iy the absolute necessity to defer any; other plans for an increase in Gov* ernment expenditure. There is a surplus of only 30,000,000 dollars in sight for 1932." The President warned Congress that even with the discontinuance of the 1 per cent.'tax reduction on incomes, rigid economy was necessary to avoid a tax increase.
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Bibliographic details
Evening Post, Volume CX, Issue 133, 3 December 1930, Page 11
Word Count
134HOOVER'S WARNING Evening Post, Volume CX, Issue 133, 3 December 1930, Page 11
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