The journal. (Caldwell, Ohio) 1934-1961, 1956-06-21
In Washington
fcort;nued from PAGE 1-R,

(Cor1tinued from Page 1-B)
is for the benefit of more than 2
million Federal employees who
expect in the future to receive
dividend on their retirement
contributions. We are amazed to
learn that although there is Sc
billion there and it is lot of
money, the program will require
approximately $25 billion to meet
the Governments obligation to
present and retired Federal en-
ployees. In other words, the fund
is not actuarially sound, and
when the time comes that there
is insufficient money in that
fund to meet the current re-
ouirements, the Government it.
self is going to be called on to
make up the deficit.
For instance, in the present
fiscal year, Government pay
ment of $843 million is needed
just to pay the interest on the
deficit and make the required
contribution for this one year.
The House of Representatives in
the current year has appropriat-
ed only $500 million for the re-
tirement fund, or just about
three -fourths of the amount
which is required. The matter
becomes even more highlighted
as the House Post Office and
Civil Service Committee takes
up consideration of bill for an
hn hc
passed by the Senate, this bill
would cost about $3.50 million a
year. In order to partly finance
this increased cost, employee
contributions have been increas-
ed by 19o but this 1fe will raise
only 800 million a year. Hence,
if the bill which the Senate has
passed is agreed to by the House,
it will cost the taxpayers an ad-
ditional $370 million.
Admittedly, these pension
systems are a necessary part of
our way of life, but it is also
true that they should be esta-
blished in such a way as to be
current and be actuarially COR
rect at all times. Now in pros
porous times is the moment for
making these funds sound, not
at later date when their bank
rupt position seems even more
clear.
Next week I will include an
article on the condition of our
social security funds.
COrs,p ,p,ounicf NnncanSa
The United States Information
Agency not only explains the
aims of our policies abroad, but
also performs the valuable SER
vice of mOnitoring Soviet prOpa-
ganda so that we may follow the
contortions Of Russian policy.
Today, we watch and listen to
the Communists present peace
offensive attempting to convince
the world that red is lily white
and that their aggressive inten-
tions are peaceful pursuits.
Within recent weeks, General
Curtis LeMay who commands
our Strategic Air Command, Of
fered valuable testimony to a
Senate Committee concerning
or defense capabilities and the
/ probable strength of Red air
! power by 1859. The Russians
/ know Wc!l that the Strategic Air
Command is one of our most
| valuable defense arms. There
fore, it suits their purpose to be-
little our efforts and tell the
| world that such weapons are for
aggressive intentions. The Com
munist propaganda mills reacted
Immediately to General LeMay's
statements, calling his references
to a Soviet threat myth" and
absurd fabrications (Which
show once more the helplessness
| and confusion of the opponents
of relaxation of international
tension.
It seems like patent nonsense
that anyone who has matched the
communists deVour so much OF
the free world in the past ter
years would believe that they dc
not continue to threaten every
free nation. Nevertheless, the
depressing fact is that some peo
pie abroad and even in our owl
country are susceptible to Sucf
a bald and monstrous lie. In thi
strange would of psychological
pressures fraught with the desir'
to escape unpleasant realities, w,
and other nations will lose Ou
precious freedoms if we ALLOW
ourselves to be brainwashed b,
the thousandfold repition of falls
II Communist assurances,