Break up the banks, says Minneapolis Fed chief

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20. Some were Keynesians some were not...

Roosevelt believed that a balanced budget was important to instill confidence in consumers, business, and the markets, which would thus encourage investment and economic expansion. As the economy recovered, tax revenues would increase making budget balancing even easier. This traditional view that deficits were bad was also supported by public opinion polls...

....Treasury Secretary Henry Morgenthau, Jr., and aides within the Treasury Department favored an approach that sought to balance the federal budget. But other advisers in the President's inner circle, including Harry Hopkins, Marriner Eccles, and Henry Wallace, had accepted the recent theories of British economist John Maynard Keynes

http://www.fdrlibrary.marist.edu/aboutfdr/budget.html

Fortunately Roosevelt realized his beliefs were not the best for the country