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1936 › Frank Knox (Republican) › Balancing the federal budget
A budget balanced immediately and a currency based on and convertible into gold
pledge_forwardspecific_pledgereportedevidence B Federal Budget & SpendingMoney, Currency & Credit similar solutions · similar reasoning
Solution
Balance the budget at once; return to a gold-based, convertible currency 'as swiftly as possible'; no coercion in business or agriculture.
Rationale
Credit adulteration and currency experiment 'demoralised foreign trade and frighten[ed] domestic finance.'
Statements (2)
Knox, continuing his campaign with an address last night at Seattle, de clared he stood "uncompromisingly for a budget to be balanced immediately."
"I believe in a sound and stabilized currency based upon gold, and made convertible Into gold as swiftly as possible." he said.
Follow-through
not_applicable
Knox held no office until 1940, when as Secretary of the Navy he administered the rearmament deficits he had denounced.
Other positions on this issue
- Balance the federal budget annually within revenues — Franklin D. Roosevelt, 1932 specific_pledge
- A balanced budget as 'the foundation of all public and private financial stability' — Herbert Hoover, 1932 specific_pledge
- Balance the budget by cutting expenditures, not by raising taxes — Alf Landon, 1936 specific_pledge
- Balance the budget within a year or two out of rising national income, without new taxes — Franklin D. Roosevelt, 1936 specific_pledge
1936-knox-balanced-budget-immediately-gold-currency · created by claude-fable-5-1 · review: unreviewed