The Waterbury Democrat., 1943-01-14
Compulsory SGOings"
Americans Face Tax of Raising 1OO- Billion Dol lars to Finance War During Present Year
 - State Director Views Situation.
BY PHILIP HEwEs

President Roosevelt in his budget message to Congress Monday ex- pressed the hope that at least half the cost of the war during the next fiscal year could be met by taxa ton. savings or both". He eStimatsd tho total war cost to be si00. 900 .000- GOO and that under present legisla- ton approximately s34.O00. GOO GOO would be received from taxes. This leaves si6O0O. 100000 to be raised "by taxes. savings or both". CThe other e50.O00. 100000 would. Of course, be received through the sale of otter government securities in large amounts to banks. corpora tions. and large investorsD
 Certain members of Congress and other spokesmen have declared that 'c0mpulsory savings" is the solu- ton, and these persons seem to have drawn their conclusions from the words which the president used.
 Ne Reference
 A careful reading of the presi' dents message ders not reveal any reference direct or indirect, to any plan for compulsory savings. Ills words were: "I believe that we should strive to collect not less than i6 billion dollars of additional funds by taxation. savings, or both during the fiscal year 1894" The phrase compulsory savings" ap- pears 10 have become one of those cateh-werd solutions which from time to time cause an undue amount of excitement and unin- formed discussion.
 do not believe that the majority Of the people fully appreciate what they themselves have already ae. soInplished by means Of the volun- tary purchase Of War Bonds, paF- .ieularly through the so called pay- roll savings plan. The voluntary War Bond program is both an anti !nflati0n program and fund rais- ilg program. With respect to the latter, the purchases of War Bonds on Q voluntary basis are running at an amount slightly less than ST. O00.000.000 a month and are financ- ing about one-slxlh Of the present var cost, Considering that this iA . constant source of Income month after month, it constitutes a sub- stantlal contribution in terms OI money alone.
 With respect t0 the success Of ths program hS an anti-inflati0n deytee Il has enlisted the support of near ly 5000 900 wage and salary earn CTS who are at the present time ln' yesting nearly 2 percent of tlgslF ln' eeme every payday ln War Saving Bonds through the payroll saving plan, In addition many thousand Of persons not susceptible to thil plan, such as women. farmers, pro fessional workers, etc, are iElvestinl more or less regularly in Wa Bonds, This has been accomplished largely through volunteer effort alle at an administrative cost of approx unately 0nestenth Of one percent, II other words, tt ls not Q bureaucratic undertaking,
 National Picture
 These figures represent q national picture but apply la proportion iIl those states which are primarily tDs duslEial, like Conneatieut, In cen- neetleut. more than 2500 concerns have adopted the payroll savings plan, At least 800 coo workers are aiyeFting some portion of their ln| come to the purchase Of bonds this way, and it Is estimated that more than 300O00 Of them are investing l0fs or more of their wages or kalr aries, The people Of Connecticut, last year bought s200 900 GOO in War Bonds,
 It Is difficult to see hos any sys.