The Durant news. (Durant, Miss.) 1882-1985, 1952-12-18
Looking Ahead
BY GEORGE S. BENSON. Pres.
Harding college-SearcY. Arkansas
GOOD FOR THE COUNTRY

Congressman Wilbur Mills of Arkansas District addressed
our Kwans Club last week and he put his finger economic
problem which could hardship problem
poynent which he huge government expendi
lures for ornaments slacken Off He
Congressman fiscal affairs on the
Ways and Means Committee frankly he didn't have
quick and easy solution to offer for problem.
Sometime in 1854 Congressman Mills observed substantial
portion of the nations steel going into
ornaments will be available markets he expects
the civilian markets will to keep the
steel mills operating capacity as they are now doing Thus
the mills obliged to cut their work force
Such unemployment in be dangerous
economy spread to other areas of the business
world the Congressman reasons.
49, Steel For Armamenis
At the present so per cent of the nations
steel production going into the
ducon has been expanding gradually
The rate Of expansion sharply increased
War H. number Of companies continued normal
the Then the Korean again
spesied
executives and economists have constantly
demanded bigger expansion industry has occur
threatening build plants Steel in
dustry the splge typ expansion
ing that could lead to far capacity
could Their government bosses was to
cut down the volume of going channels when
production really urgent through prodc
ton expansion that might thus pose an
economic problem. 1t sound advice.
So. Need Reduction
We certainly could recession of dangerous
potential the entire mubon defense spending were to end
all at once next January or the next AS Congressman
pointed out about Sc billion present billion budget
spent the billion
ready for possible future amounts in
circulation everybody temporarily benefits spending were
to b. suddenly cut off would staggered and
bbo ~ would feel the result
On the other hand the big spending could be
reduced gradually over period of transition from
war production economy to peaceme shouldn't cause
rastlc change in the economy We -ves Money
twoudnt be quite plentiful There likely be some tenn
poray unemployment and business docatons But if
ment under the administration give solid
nent 10 private enterprise and thus establish promising outlook
Tor anyone who wants to into business expand his
business any slack in short lived The economv
as whole would sounder and more DYNAMIC b.n
it has been in many years ~
A Good Goal
government IN America today is spending than 40 per
cent OF all e money being spent 1t thus overwhelmingly
decisive force IN the commerce country 1890 less
i've per cent OF all money being spent b the
Federal government and only IL per cent bv county
ana federai governments combined about II Der cent
OF the naona income being Federal
ana about 20 per cent by all three levels
In some OF the periods of this nations soundes proress o
at all levels spent less than 10 of the
income That's goal that people or America t ,
seek-wntlng government down to point where in noss
DO not exceed 10 national
AZ cS out OF every dollar the time 70 start whit
lung nov" we might not reach per cent goal hut ee
steR OF tne way would be good for The country - ''