Evening star., 1940-03-26

calculations. The country is ready
for a change. But it wants to know
that the change will be for the better.
1t is in no mood for blind reaction.
1t wants to recapture the solid things
of yesterday. But it distinctly wants
to move forward to better things to-
morrow. 1t wants prosperity, but
1t equally wants to pass prosperity
around. This state of mind will be
controlling in November in the de-
gree that the Republican party
proves that it is constructively pre-
pared to forward march to better
things for our whole people.
Spending Declared Failure.
One Of the most important factors
in this psychology of change is the
growing national consciousness that
we cannot spend ourselves into pros
perity; that pump-priming is a
ghastly failure in defeating a de-
preston that has fingered longer in
the United States than in any other
major country on the globe: that
these mounting deficits and debts
which now crowd the very ceiling of
economic safety as well as the limits
of the law-have got one day to be
paid out of the sweat of our whole
people Ito quote the President him
self in an earlier day..
Listen! When the New Deal shall
have finished its eight fiscal years,
it will have collected 40 billion dol
lars in taxes-which is A per cent as
much as all of its predecessors in
IA years from George Washington
to Herbert Hoover. Even the eight
Wilson years, including the World
War, collected only "a billions. But
despite this colossal drain out of the
pocketbooks of all our people, it was
far from enough to pay the bills of
these liberals liberals" being
those who are liberal" with other
peoples money. During its eight
fiscal years, the New Deal will have
spent IS billion dollars which is So
per cent as much as all Of its prede-
cessors IN IA years. Even Wilson's
eight years, including the World
War, cost only Al billions. So the
New Deal will have run a total def
icit of Is billion dollars in eight
years, which is S billions more than
the deficits of all other administra-
tions in IA years from Washington
to Hoover. The net result is that the
New Deal In eight years has run a
debt equal to the entire net debt for
the preceding IA years, to say MOTH
ing of nearly six billions more in the
guaranteed obligations of various
Federal corporations.
Burden Falls on Youth.
No wonder anxiety is in the air!
No wonder revolt Is in the ofanz!
Manifestly this trend cannot go on
much longer-no matter how rich
we think we are This expenditure
often unavoidable because it took the
place Of regular business activity
which the New Deal anaesthetized-
may have brought temporary relief
in some quarters, But unemploy-
ment is just as big a challenge as it
ever was; and, meanwhile, we have
piled up an appalling hazard to the
stability of every value in the land.
= oaA AAAoA . oASAA yCdAo WOU4O DlcClpl.
tate the very calamity which Presi-
dent Roosevelt himself did not hesi-
tate to foretell in 1882 when our red
ink was only a pale pink. We are
charging our bills to the next three
generations. It will be 1000 AID.
before the last of them are paid.
Talk about better days ahead for
youth! Youth is the chief victim Of
this debaclel Youth will pay the
f1ddler-tomorrow!
What to do? Cut back expendi-
lures as rapidly as possible freely
admitting that government must
continue to supply relief until the
capitalistic system can supply real
jobs. Deny all new Federal services
and bounties-no matter how per-
Suasive-until we have found a way
to pay for the existing services and
subsidies which we retain. Stop
pump priming suicide. Give as much
consideration to the man from whom
you take dollar as to the man to
whom you give it. Above all. restore
the national economic confidence
which will permit American private
business-stunned and stunted for
eight sterile years-to produce the
new wealth which will give us an
annual income Of 80, yes 100 billions.
I agree with the President that
when we are IN 80 billion dollar