FISCAL: Revised

Last January, President Roosevelt sent Congress his budget estimate for fiscal 1939. Last week, with Lending & Spending bringing the Government’s daily outgo to $25,000,000, he published it again—revised. The revised version resembled the original as most movies resemble the novels from which they are adapted. Prime facts:

Estimated Revenue decreased by bad business: January $5,919,437,000; now $5,000,270,000.

Estimated Expenditures increased by Lending & Spending: January $6,869,043,000; now $8,985,157,000.

Estimated Net Deficit: January $949,606,000; now $3,984,887,600.

Estimated Public Debt next July 1: January $38,528,200,000; now $40,650,000,000.