Detroit evening times., 1945-12-18
On TO Bankruptcy?

He suspects that Soviet Russia will be the first in line
seeking perhaps six to ten billions of dollars.
Mr.. Reeds prophecy near to being fulfilled oe-
fore it uttered.
Five days before his speech the Communist Daily
Worker indicated the party line in editorial article on
the British negotiations which said
Larger questions which arise from these-loan
settlements the POLITICAL ones.
IF the United States makes this loan to Britain . . .
why shouldn't il help finance American Soviet trade?
A PRECEDENT is NOW ESTABLISHED
but include this POLITICAL rather than an
ECONOMIC problem"
WHAT the Daily Worker meant by its reiteration of
w the word political" is that if our free enterprise
system can be used to finance BRITISH SOCIALISM, il
may also be made to bolster RUSSIAN COMMUNISM
This situation was foreseen-and it discussed in
the Hearst papers-when the British Socialist Labor
party was voted into power.
What about to witness il seems is he
EXPERIMENTATION of the formula with respect Russia
and the other mendcant countries may be expected
follow suit.
AS Rep. Reed reminded Congress:
France wants billions in gifts from Poland
wants billions in gifts from China wants billions in
gifts from
cusion every bankrupt nation In the world should
to the United States and demand handout of a
billion two billions or ten billion dollars il we make
this gift to Great Britain"
Rep Reed did not say that the United States govern
ment would go broke in trying to meet all these
demands
He remarked far more accurately that are broke"
already
For so are, with three-hundred biion-dolar ma
t1Ona debt costing SIX billion dollars year interest
charges with prospective federal budget ranging from
twenty-five to fifty billion dollars year and with the
possibility of a reduced national income
Furthermore the administration is still as fantastic
ally prodigal in domestic affairs that the dis
trlbunn of billions of dollars foreign governments
must De piled upon enormous expenditures at home
TAKING as his guide President Truman's New Deal
i message of last September Rep Noah Mason Of
Illinois has tabulaed in the Congressional Record the
costs Of operating the federal government and maintain
ing the national defense
Cost
Annual Expenditures Per Year
Federal aid for education 100000 600
Vocational educational aid 100 600 600
Free food stamp plan 500 600 OOO
Rural eleCtrfCatUn program 100000 900
Federal aid 10 hospitals 11OOOOO0o
Federal health program 500 100000
School lunch program 100 600 OOO
Sewage treatment program 1OOOOOOOO
Federal housing program SO0O0OOO
Increased federal salaries 500 600 OOO
Total increased annual expenditures $1,000 900 600
Lump Sum" Appropriations
Commodity credit corporation 8 5OOO0O00n
Loans to foreign countries $1,000 100000
Federal aid for highways 3OOOOOOOO0
New river valley authorities 5000 100000
Federal aid for airport construction 1OOOOOOOOO
Total lump sum" appropriations $2i50OOOOOOO
THIS vast aggregation of figures totes up at twenty
seven billion five hundred and ninety million dollars
IN the rst year and continuing expense Of three billion
ninety million dollars each year thereafter
Moreover. is al