EXPENDITURE CUTS
United States to Take Drastic Steps “SOBERING UP” URGED By Telegraph—Pres* Assn.—Copyright (Rec. September 8, 5.5 p.m.) Washington, September 2. With the disparity between revenue and expenditure steadily mounting and the deficit for the first two months of the fiscal year already totalling 808 million dollars, President Hoover to-day called a conference of the House Appropriations Committee. Later the committee announced that drastic cuts would be made in the Army, Navy, and Farm Board appropriations, as well as in other Governmental departments, In order to avoid sharp Increases in national taxation. “The Government must sober up in its spending,” said Mr. W. R. Wood, chairman of the committee. “When people were spending like drunkards they did not object to the Government spending In the same way, but the situation Is changed. If we cut only un necessary expenditure we can gradu ally balance the Budget.”
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Dominion, Volume 24, Issue 291, 4 September 1931, Page 9
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147EXPENDITURE CUTS Dominion, Volume 24, Issue 291, 4 September 1931, Page 9
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