The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-07-07
BORAH CONDEMNS
FISCAL PROGRAM
SAYS FINANCIAL BURDENS TOO
-HEAVY-PRESENT COURSE
Is DANGEROUS


~cal policy of the administration and
sthe legislative program of the ma
.jority in congress was made today in
the senate by senator Borah, republi-
acan, Idaho. He declared the govern
.sment had failed, except in a most
Limited degree, to relieve The burdens
of the people and that there was
ahead a program which would add to
those burdens not only millions, but
billions of dollars.
In that program Senator Borah
named the soldiers bonus which he
calculated would cost from $4,OOO,-
100000 to ,O00,00O,O00; the ship
subsidy bill, which he said would cost
from $50,OO0,OOO to $100, 100000 year,
while at the same time relieving some
special classes of a large part of their
taxes; the proposed $5,O00,00O loan to
Liberia and the bill to create twenty
five additional federal judges.
"The fact is,' said Senator Borah,
"that the constant increase in gov
ernment expenditures has reached the
point where it has got on the public
nerves and the people of the country
are beginning to manifest it in diff
erent ways-sometime in the ballot
box; sometimes in strikes; sometimes
in riots and bloodshed and the first
and prime duty of a party which has
the future of this country in its charge
lis at all hazards to refrain from in
.creasing expenditures, and, if poss-
ible, decrease them.
eff we judge the future by the past,
we now have Indebtedness which it
will take us more than one thousand
years to lift, to say nothing of the
constantly increasing burdens in the
way of increasing taxes from year
zt to year by reason of the increased
budgets and it is proposed in addf-
Stion to that which we already have
to lay out of hand an extra burden
of from $4,O00,O0O,O0O to $6,000,o00
which it will take us $50 years to
pay off.
s'The time may come, and, in my
opinion, it is very likely to come,
when the United States will have to
stand, as it were, at the Marne on
this question of preserving financial
civilization. The time may come
when our reserves economic and IL
nancial, will have to be called upon
as our reserve Of man-power was
called upon in 1917, and it behooves
the American people and the Ameri-
can congress to prepare for tnat as
we would be prepared for great con-
flict which confronted US in 1917.
"The question which will lead IN
the future, which will control and
dominate, will not be the nation Of
armies, not the nation of navies, but
the nation of economic power, OF
prosperity at home, of financial re-
serve, Of means to care for these
things and it behooves US, therefore.
not only by reason of the call which
will be made upon us here in this
country. but by reason of the cond1-
tfon which surrounds us throughout
the world to conserve and reserve all
the economic and financial power that
we have, in order to meet the exiscncy
when it comes.
ssThe course w1 are now pursuing,
in my Judgment, the wasteful policies
which we are pursuing, will prove
more dangerous In the, end than
foreign fee. A proud Strong people
may suffer reverses at arms, but time
fights on their side for victory. An
independent and self-reliant nation
NAV undergo the misfortunes OF WAL
but their character and their purpose
win ultimate triumph. But a nation
whose citizenship has been dragged
and debauched by bonuses, gratuities
and subsidies has entered upon a ROAD
over which no nation ever has beaten
"a successful retreat"
McCumber Answers B0rah
Replying to Senator Borah, Senator
McCumber, chairman of the finan3e
said "the gloomy visions"
nictured by that senator would be dis
pelled by courage and intelligence to
meet future conditions as they had
been met in the past. He took issue
with Senator Borah as to the cost Ct
the bonus, saying the treasury ac-
tually estimates the cost at about s9,-
300, 100000.