BIG FIGURES
AMERICAN DEFENCE BUDGET NEW RECORDS ESTABLISHED. MAINTENANCE OF SOCIAL SECURITY. (By Telegraph—Press Association— Copyright > I Received This Day. 12.10 p.m J WASHINGTON, January 8. ~ The new request for defence is 67 per cent above the current years Government income, estimated at 8,275 million dollars, an all-time record, The deficit is estimated at 9.219 million, the largest peace time deficit in history. The national debt will reach 58.367 million dollars on June 30.
The projected spending .for defence and non-defence purposes next year exceeds the estimated expenditures of the current year by 4.233 million dollars. Sixty-two per cent of the total is for national defence.
Non-defence expenditure totals 6.674 million dollars. President Roosevelt said he deemed it vital to retain the existing social security programmes and recommended that workers not covered be included in old age and unemployment insurance. Mr Roosevelt asked Congress to appropriate sixteen million dollars for the Federal Bureau of Investigation, enabling the adding of five hundred G-men tn the present force of 1.547. in order to protect the United Stales from saboteurs and spies.
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Wairarapa Times-Age, 9 January 1941, Page 6
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179BIG FIGURES Wairarapa Times-Age, 9 January 1941, Page 6
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