President Roosevelts budget subcommittee this week will bring up the Government's fundamental fiscal problem whether the United States can continue to operate indefinitely on a deficit in which the Government consistently spends billions of dollars annually more than it col-leets in taxes.
The forthcoming budget is expected to show expenditures of $9,000,000,000 for the current fiscal year. with an income of approximately $5,000,000,000, it was understood today. Hence the Government faces a $4,000,000,000 deficit with prospects of another heavy deficit for the forthcoming fiscal year.
Regardless of tax and budget developments, the national debt will total $40,000,000,000 or more within six months, which is an increase of about $17,000,000,000 since President Roosevelt entered the White House.
United Press.
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