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I am as eager as anyone to have the budget balanced
and to be able to decrease public expenditures.

These ex­

penditures will be reduced just as rapidly as the states for
their part are able to take over their share of relief of
those who ere unable to work and just as rapidly as private
enterprise; for its part is able to provide work for those who
are able to work.
I am fully conscious of the responsibility resting upon
the President to avert the dangers of inflation arising from
any source, including that of continuing Federal deficits.

I

am confident that the budget is now at last rapidly on the way
towards being balanced by the only method by which balance is
possible; that is, by restoration of the incomes of all of our
people from which alone can come the revenues necessary both
to achieve a balance and to begin paying down the debt.