The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-08-01
SOMETHING TO REMEMBER"

The Charlotte Observer, under the above
editorial caption, issues this warning to the
people:
..Perbsps il might not be exactly in order at the
present time to begin casting flies into the ONT
ment nevertheless, it might be proper to set the
people TO thinking about preparation for arrival
of the day of accounting. All this money that Is
being scattered around by the government has to
be repaid in some shape or form. 1t looks some
thing like the operation of Santa Caus-but it
isn't The Industrial News Bureau is reminding
the people that every dollar Uncle Sam is giving
to his children has first to be taken away from
those children in the form of taxes. 1t is just
beginning to percolate into the peoples minds that
the $4,000, 100000 public works program is going
to have to be taken from them, the taxpayers.
Every community is camoring for share of
this fund and although the government gives 80
per cent outright of sums allotted to projects
which it approves, the remaining 70 per cent must
be returned by additional tax levies in every po-
ltical subdivision obtaining a loan. The 30 per
cent that is given outright must be dug up by all
the people for the favored section to which it is
given. The public works program which has been
passed as an emergency measure in time of stress,
must of necessity increase the burden of the tax
government costs in some manner sufficiently to
offset this expense. 1t is well for the people
to begin to understand that each citizen is sepa-
tate Santa Claus, who pays for every gift pre-
scented to him by his government"
The foregoing is, indeed, something to
remember" 1t is probably something that
coming generations for the next hundred
years or more will not be allowed to for
get, because they will be paying the prin-
Cipal and interest of the debts of the Uni
ted States for that length of time.
Of course, all intelligent people under
stand that much of what is now being
done is absolutely necessary, according to
our present knowledge of conditions and
possible remedies; but large proportion
of the citizens of the country, whether in
teligent or ignorant, are giving little con-
Sideration to the results which are going
to pile up in the future. 1t is we'll, there
fore, for the press to warn the people and
prepare them for the inevitable results.
All the money the federal government is
spending for relief or for any other pur-
pose must come out of the pockets of the
taxpayers of the country-both principal
and interest-and before the principal is
paid the interest will amount to as much
or more than the principal. The Charlotte
Observer points out that the enormous
sums to be expended on a public works
program will have to be paid by the peO-
ple-thirty per cent. of it by the country
as whole and 70 per cent by every po-
litical subdivision securing and using this
money. No doubt many people have the
idea that this money is gift in its entirety
and they think Of the federal government
in that connection as a miracle worker that
will grab the cash out of the air. If the
money is wisely expended for things that
are needed, for example, in HenGersonville
and this county, the people of town and
county will get the benefits of the improve,
mentS, but they will have to pay 70 pen
cent. Of the cost directly to the federal
government and they will have to pay
their proportion of the balance of thirty
per cent. The proposition differs little from
the public works expenditures of the past
by the city and county, and the people are
fully aware of the fact that those have to
be paid for.
The danger in this entire proposition OF
federal relief lies in the fact that the gov.
eminent is going to pile up debt which
the country will be unable to pay at all