The Republican. [volume] (Oakland, Md.) 1877-current, 1949-06-09
The Crisis Is Close


The concededly sick condition Of the
tons finances is being taken more
riously now by more members Of
)ngress than ever before. Rapubli-
ms as well as Democrats agree that
is is a reflection of the feeling Of
any hundreds Of thousands of citi-
ms, hard pressed for money to pay
yes and still maintain a reasonable
lndard of living for their families.
any have reached the point where
increasing penalties and perils Of
tional debts and deficits have be-
ne nightmare.
Certainly. it has taken them a long
ne to get to that point. For a good
my years the dangers of vast
vernmental expansion and uncon-
)lled expenditures have been
'essed in vain. Even those who adj
tied The un soundness of the spend
policy and regarded the three
lmbed theory of the self-styled
beral economists that the si1o of
national dob+ docs not p,.++o,. no.
$50 "wo ovo i n o,,rsolyos, o.
silly to deny-even these were too
athletic 70 ba actively on+aoon;s+ic
the otbo, hand wbiIa tho Troasr,v
lions continue 70 nour ont orcat
dos Of vota,s diractl,, n,orit oi4ber
getting on the Federal pay roll or
ewing some form OF personal
mty' SUBSIDY or dole
7o,. fon, o1oc4;ors +bo "+av +ov
md snond o1oo+ oIo.iv fo,r,,,,lo If
late Mr. Honkins which ovnrossod
h cor,nIo+a accuracy tho whole
W DaaI no,;+;caI nbiIosonbv bo.
walled parbans # viii nravoil
ain Lut there is in CONGRESS- TODAY
concern about econop,v and an
rm abou+ waste that has NOT
sted since 1924 whom the Taasu,.v
odoates wore fIuno omen and j
oo mart of tho non,,lation ,7lsbod in
oct theirs In less than month
fiscal wear of 1919 will close and
cal 1856 begin. There is reason to
ieve that the figures then made
bic will shock all save the most
NV optimists and caIlous poIiti-
rs.
Last January MI truman pre-
de budget in which he forecast for
cal 1850 a deficit Of 5000 100000.
G Joint Congressional Committee on
ternal Revenue Taxation points out
at. accepting the Presidents esti-
ate for 1859 is far too low. They
V concentrations already authorized
stifv nutting tbc ficure At Slt.-
O00O OO0 IN otbc, words the 1850
ficit easily may run To 81 coo. 600
O. Republican Senator Wbe11v =
W DAVIS 400 estimated If at S11O 600
00O0. The facts seem TO hear the
md fipura ont If and when tnev are
disseminated tba crisis confronting
q countrv win he one no citizen can
ford to blink Clearly something
an will bave n he como on. down tho
ain we 90 Obviously there are
Nv three POSSIBLE co,rsos eff action
.sIand vastly loss. tav vastly n,or,.
tal,a five foot or rbo I,.ala.
NV votorans, nensiGn Lin sentiment
-. oconon,v .,nnoars ,anidl,- ,,rov.ino
ocent na,ysnaner noIIs in va,.ions
atos arc bigbIv significant There
reaI nrosne.t that the five na,
ant emf all down tho line will he
,ade. Rut that would total only ~
illion. which is a long wav from
nough. The Hoover Commission has
hown how 2 billion can he annuallv
avad b,+ the mower Of the Federal
2bboIders is such that few believe
congress- has the cuts to 90 full dis
ance on that. Clearly YOU can't raise
5000 100000 more in taxes without
urtber depressing business and dry
10 nm revenue Faced with the stark
rosnect of a bankrupt nation. the
NV possible wav to avert disaster is
!,