Mr. Roosevelt was firm in defending "the Administration's Federal expenditures and "warned against sudden curtailment. He predicted the national income would be $80,000,- 000,000 "within a short time" if present policies were continued.
The President said that if Congress yielded to demands that government Spending must be reduced immediately, "Congress will have to bear the responsibility for future events."
Returning to international affairs, the President said "significant events abroad have made it increasingly clear that dangers to the American people from within are less to be feared than dangers from without."
This statement was believed aimed at undue emphasis in some quarters on the threats of internal "rachs calism."
The President stressed the identity between Fascist dictatorships and disregard for international treaties.
"We have learned," the President said, "that it is the God-fearing democracies of the world serve the sanctity of trea good faith in their dealings other nations. And we have learned that these democracies cannot be indifferent to international lawlessness anywhere. They cannot forever let pass without effective protest the acts against sister of aggression nation: automatically undermine us all."—United Press
Text read from the printed page and cleaned; old type leaves the occasional error.