Evening star., 1943-11-17
Bricker Tells Realtors
Nation Must Maintain
Big Postwar Output
Candidate for Presidency
Hits Deficit Financing
Before National PorIey
BY the Associated Press.

~ VIC HoHosIattu Tlts3.
CLEVELAND, Nov. 17.-Gov.
John w. Bricker told the Ma
tional Association of Real Estate
Boards today that the only way
to meet the Nations debt burden
was through full industrial pro-
duction at present-day stand
ards, and warned against con-
tinued deficit financing after the
war.
In his first major speech since
announcing his candidacy for the
Republican presidential nomina-
ton, the Ohio Governor declared in
a prepared address:
With the coming of the war, we
faced no alternative to more deficit
financing. Our national life was at
stake. We had to build. almost over
night. defensive military weapons
which we had so shamefully neg
lected.
"Do Not Complain"
"We do not complain about this
cost; only victory and national
secrity and world peace really mat
ter. Every dollar honestly and
wisely spent for these purposes is
more than worth the expenditure.
! But We must not close our eyes
to the day of reckoning or fail to
plan for it. The welfare of future
generations is involved. They, with
US, must lift the mortgage Too
many of the boys who fight the war
for us will have to help pay its cost.
Unless we do our full share to solve
these problems and share with them
the benefits, history will haunt us
with our failures.
If given chance. I believe we
can meet this problem and at the
same time retain our American way
of life. But it cannot be met under
system of bureaucratic regimenta-
ton or an economy of scarcity. It
cannot be met by an administra-
ton that practices extravaganza
and waste. And it cannot be
met by continued deficit. financing
after the war. That means national
bankruptcy.
Urges Full Production.
There is only one way to meet
our debt burden. That is through
full production. This means that
we must forget our prewar produc-
ton standards. We cannot think
even in terms of 1910. We must
think in terms of maintaining
esent-day production standards. "
And this is fully possible" he
added, reporting that the National
Committee for Economic Develop
ment believes the Nation must
maintain an increase in productivity
from 80 to SO per cent over 1910.
Gov. Bricker continued:
ITO accomplish these ends we
need no new philosophy of life. We
need only to release the forces that
made this country the greatest in
dustrial producer of all time.
These forces are not dead. They
have been chained by arrogant bu-
reaucracy and unwise fiscal policy
Reporting the Ohio tax rate $27
per capita against national aver
age of S38. Gov. Bricker-now serv-
ing his third consecutive term-said
Ohio in five years had paid off a
debt of $40,000000 and had a
treasury surplus of SOS ,000, 900. Local
government debt in the State now
is half the billion dollars it was 10
years ago, he added.
Hits Government Ownership.
"The principal campaign issue of
1882 was economy in government, a
balanced budget and the wiping out
OF deficits the Governor said. But
from the very beginning the policy
actually followed was deficit financ-
ing. Being honest with our people
and keeping promises would do
(See REALTORS page A-191