Monday, Jul. 25, 1938
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.
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