President Franklin D. Roosevelt Asks For Increase In Defense Budget

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keywords: u.s. government and politics, president franklin d. roosevelt, address to congress, tax increase, defense budget

Synopsis: President Franklin D. Roosevelt addresses Congress in his annual New Year message where he calls for more taxes to help fund an increase in the defense budget due to the war starting in Europe...(read more)

Date: 1940
Duration: 00:02:14
Sound: Yes
Color: Monochrome
Type: Public Domain
Language: English
Location: United States

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President Franklin D. Roosevelt Asks For Increase In Defense Budget

President Franklin D. Roosevelt Asks For Increase In Defense Budget

President Roosevelt In his annual New Year message to Congress calls for increased expenditures for the Army and Navy due to the war abroad, to be met, he says, by increased taxes.

Excerpts from President Roosevelt's address to Congress on January 3, 1940:

"I can understand the feelings of those who warn the nation that they will never again consent to the sending of American youth to fight on the soil of Europe. But, as I remember, nobody has asked them to consent - for nobody expects such an undertaking".

"The first President of the United States warned us against entangling foreign alliances. The present President of the United States subscribes to and follows that precept".

"For several years past we have been compelled to strengthen our own national defense. That has created a very large portion of our Treasury deficits".

"Therefore, in the hope that we can continue in these days of increasing economic prosperity to reduce the Federal deficit, I am asking the Congress to levy sufficient additional taxes to meet the emergency spending for national defense". "May the year 1940 be pointed to by our children as another period when democracy justified its existence as the best instrument of government yet devised by mankind".