FISCAL: Good Intentions

Three weeks ago President Roosevelt sent a budget message to Congress strongly urging economy and at the same time presenting estimates of revenues and expenditures showing a 1938 deficit of $418,000,000. Contrary to all recent precedent, most Congressmen passed over taxes and expenditures to seize on Economy as the thing which appealed to them most (TIME. May 3). There was still doubt, however, whether the President would drive a reluctant Congress, or the Congress would drive a reluctant President, to the first specific beginnings of Economy. Last week Congressmen gave indications that...

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