The journal. (Caldwell, Ohio) 1934-1961, 1952-08-28
FAT ON OUR BONES

It's high time that America changes its skipper and crew
The good ship America heading for the rocks We v
ing the wealth accumulated in past years Great
that wealth. not inehausbe Let face the grim
that must call halt to the rapid dissipation of the fat
put bones during the first $50 years history
Great Britain provides the horrible example of the fate
taking this nation Our English cousins have proved
again that planned system under direction
Socialism, parasitic it distributes the fruits acquired
under private enterprise.
Great Britain in the 10th century has demonstrated be-
yond reasonable doubt that history repeats in that when
ever endeavors to provide on extensive scale
for its people does so by using past and exact
ing confscatory taxes The wealth accumulated by the British
when their economy free of the planners
pated and according to their bureaucras any
further extension of social services must be paid for by the
actual recipients
The income of the wealthy in Britain has shrunk almost
to the vanishing point and today greatly increased proper
income groups To be specific 1888 only about 20
Of total personal incomes contributed by those the
classes below 1000 Pounds year; these
classes contribute over 40 per cent.
1t is laugh when the Administration of own gov
the United States We have been prosperous the past
decade because of the staggering outlay of public
Since 1889 Federal expenditures have aggregated than
$3.50 billion Of this amount about $3O billion has been spent
since the end of World War II.
Federal expenditures for this fiscal year estimated
at $85 billion and ouays by state and local governments will
be around $25 billion Total government expenditures
wages salaries of all persons engaged gainfu
pursuits Taxes of all kinds absorb about
third of our national income.
All history has proved that nation for long sagger
along under such tax load AS matter of fact the day of
reckoning aready mere Inc Gays
Soaking the rich is longer fruitful of
taxes
If every of income after of those receiving
$4,000 year confscated by government the
aggregate would be sufficient pay Federal
bills for only about ten days
The slogans Soak the rch and Sharing the wealth"
may have political appeal but we are rapidly finding out
what history has taught that system of evellng down in
temporarily ulls the population into false of
prosperity but finally ends up by lowering living standards
and distributing poverty The people of Great Britain already
know this and the brink of learning that sad
lesson for ourselves.
We Americans being duped by sugarcoated slogans
honeyed words and false promises We being brbed with
money to sell great heritage for "a of pot
tage" Unless do abouface unless awake to
the dangers of deficit spending the printing of flat
reckless Wasteu spending graft and corruption
Washington and concatory taxes precious heritage
of freedom slip through grasp has happened in
Great Britain and every other country that has pursued
course similar to the travelling.
On November 4th must elect, Congress whose men,
bers will have been pledged to putting this nation back the
travelled for century and half with such unpre
cedented During that period accumulated lot of
fat bonesweve been living and exhausting
supply of fat for the past two decades We getting close
the bone in fact fiscal condition be described
downright skinny Yes it's high time to start replenishng
that diminishing stock of fat.@eorqe Peck