Receipts (under existing tax laws) 37.0 48. These figures show very clearly the budgetary impact of the defense mobilization program on which we embarked after the communist aggression in Korea in June 1950 The following table shows the Budget totals for the five fiscal years 1950 through 1954. On this basis, the deficit is estimated at 9.9 billion dollars. Receipts under present tax laws, which provide for the expiration of some of the post-Korean tax increases, are estimated at 68.7 billion dollars. Total expenditures, from these funds and from balances of authorizations previously enacted, are estimated at 78.6 billion dollars. In this Budget, I am recommending that the Congress enact 72.9 billion dollars in new authority to incur financial obligations during the fiscal year 1954. However, funds are included in this Budget to carry forward certain activities already under way which will require renewed legislative authority to continue into the next fiscal year, such as the programs under the Mutual Security Act and the Defense Production Act. I still support these and certain other legislative proposals as strongly as ever, but since I will not be in office during the fiscal year 1954, I do not think it proper for me to transmit specific new legislative proposals or to budget for them. For example, neither estimated expenditures for aid to medical education nor estimated receipts from increased postal rates are included. Accordingly, the usual estimates of the fiscal effects of such legislation are not included. This year, however, I am not transmitting specific proposals for new legislation. Such a practice is a sound rule for Federal budgeting. In previous years, the Budget estimates have included the cost of new legislation which I recommended to the Congress. The President-elect has no responsibility for the amounts included in this Budget, and will be entirely free, of course, to propose changes in them.īecause of the particular circumstances, there is one significant difference between this Budget and others I have transmitted. However, I wish to make it clear that neither my successor in office nor any of his staff has participated in the decisions herein represented. I have done all in my power to ease the problems of transition to the new administration, including informing the President-elect, through a representative of his choice, of the background and considerations which have entered into the preparation of this Budget. His will be the Executive responsibility during the time when this Budget is being considered by the Congress, and his will be the responsibility for the administration of Federal programs for the period of time covered by this Budget.
My successor will be inaugurated as President on January 20. It is the first Budget since the adoption of the Twentieth Amendment to the Constitution to be presented to the Congress by a President who will leave office a few days after its transmission. This Budget has been prepared under unique circumstances. It is based, like all those I have transmitted in previous years, on the policy that the Government should undertake to do only what is essential for the safety and well-being of the Nation, and that what must be done should be done in the most efficient manner. This Budget represents my judgment as to the amount of funds needed to carry forward our programs for the security and welfare of our people and for world peace. KitGuru Says: Politicians using funds irresponsibly isn't really anything new but it isn't often we see them splurging out so much on Steam sales.I am transmitting, with this Message, the Budget of the United States Government for the fiscal year ending June 30, 1954.
The FEC letter has the full list of expenses, showing a lot of Steam transactions. However, one of his spokespeople has already come out and said that one of the charges was down to his son, while the remaining unauthorised charges are in the process of being recovered. Hunter will need to formally respond and explain where this money went on the 9th of May. However, the money has yet to be returned according to the San Diego Union-Tribune. Around 70 payments were made to Steam between October and December last year so it sounds like someone had a good time during Steam sale season.ĭuncan Hunter, representative of California disclosed the payments, which were listed as personal expenses to be paid back. A US congressman has found himself under investigation after it was discovered that $1300 of campaign funds were spent on Steam games.