NEWS OF THE WEEK
N his address to Congress last week, and in his Budget Message on Monday, President Roosevelt disclosed the immensity of the roduction and financial burden which his country is required to -cept, and the greatness of the aims it sets itself in the future 'ace as well as in the war. The .estimated figures of expenditure war during the present financial year and the coming year are a scale that baffle the imagination—L25,000,000,000 for next year, d more than three-quarters of that for this year. The amount is r in excess of anything that any country has ever contemplated fore, and the President intends to collect so much of it by increased xation and savings as to avoid inflation, in that respect adopting same policy as has been pursued here. Though the burden in oportion to national income will still not be as great as in this untry, it will none the less require real sacrifices, and in America, here, it will exact the greatest proportion of sacrifice from the h. But the time is past, as the President showed by the figures gave last week, when we should think of American achievement production as a matter of the future. The United States fulfilled e whole of her shipbuilding programme for 1942, and we may nfidently expect that it will be doubled in 5943. She produced ,000 military aeroplanes last year, and in December the rate of oduction had increased to 5,500 for the month. The President's eech breathed confidence in success in the war, but he did not op there, and insisted that America must remain at one with the nited Nations for the subsequent maintenance of peace, and must rsue a policy for the enlargement of secutity throughout the world. was a bold yet not controversial utterance, which had a good effect on Congress as well as the larger audience beyond.
