Galesburg Register-Mail from Galesburg, Illinois on July 1, 1963 · Page 29
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Galesburg Register-Mail from Galesburg, Illinois · Page 29

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Galesburg, Illinois
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Monday, July 1, 1963
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Page 29
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(MM* Pirn h/tmmrt •. Ito iVfrigi man and hH family have § personal rfake in a r» part the U. S. Twaaury wifl make In a cmjple (rfdaya tothe Am* kan people, The Treasury will re- part that the government haa rack* ed up another deficit for fiscal year IMS. Fiscal '«3 will end at midnight next Sunday, This will be the 27lh federal deficit alhce 1930, The personal stake of the average man Is that these deficits have contributed to the larceny of his savings, his in- aurance; his money in pocket by a process known aa currency in- flat ion. tile average Irian's doifat which was worth 106 cents in purchasing in 1999, is worth only 45.0 cento today. The average man who obtained a $10,000 life insurance policy in 1939 has today a $4,560 life insurance policy in terms of purchasing power. In terms of bacon, beans and,baby shoes, rent, doctor's bills or what have you, that $10,000 life insurance policy has depreciated in value since 1939 by $5,440, more than half. The Treasury's deficit record is not merely shameful; it is a direct and dangerous challenge to the American way of life. The average man and Woman does not seem to be aware of what these endless deficits have done and r r what they will do if they are continued* If the victims of this grand of larceny were aware it, they would rebel at the polls. Under Both Parties The politicians of both parties in the White Hod.se and the Congress share responsibilities for these deficits, but not equally. Democratic presidents and Congress have shown less interest, if any, than have Republicans in prudent management of the nation's finances. Franklin D. Roosevelt's campaign promises to balance the federal budget and to reduce government expenditures lasted.only a few weeks into his first term. FDR did not achieve a balanced budget in any year of his White House service. Harry S Truman came up with three balanced budgets in his eight veal's. Two of ^^^^ these were int[ the Republican 80th Congress he so deplored. ; Dwight D. Eisenhower balanced the budget thrice. In fiscal 1959 Ike was* embarrassed by the largest peacetime deficit so far, $12.4 billion. John F. Kennedy is 0 for 3, including fiscal '63. His program projects Treasury deficits through fiscal 1967. If it is a fact that Treasury deficits gnaw at dollar values, then the* average man is in for more lumps. Continues Downward The two-bit dollar is not far down the deficit road which the i U. S. government has followed since 1930. Pressure groups for ending and politicians who buy votes with the voters' own tax money ere mostly responsible for the failure of the U. S. government to live within its income. Citizens have been lulled and gulled with the politicians 1 story that the big spending is all in the cause of national defense. Balo- National defense spending one-third ney! has been reduced by since fiscal 1943 when the United States was in a hot war. But in the same 20-year period, non- defense spending has increased ''five fold from about $6 billion to about $30 billion. Sen, Harry F. Byrd, D-Va., recently cited the hard fact that $17 billion of a $20 billion increase in federal spending since the Korean War in 1953 has been for domestic pro- strictly grams, projects, purposes and interests, A great deal of that is tax money the politicians vote to •pend back home 30 that they can be re-elected. It won't be long now. A bus ride downtown will cost one buck. Attend Meeting In Chicago OQUAWKA - Mrs, Waunita Gray of Gladstone returned from Chicago Sunday, along with Nancy FullerUm, Jane Curtiss, ,and Joy Ann James. They attended the Grand Assembly of Rainbow Girls it the Conrad-HUton Hotel there. Mrs. Gray is mother adviser, while the young ladies m mem- bera of the Oquawka Assembly of Rainbow Girls. Both Mi*s Fullerton and Miss Curtiss, delegates to the convention, were members Of the choir which was composed Of Rainbow Girls throughout the state. Highlighting the assembly was § banquet held on Friday night. PJSAD THE Cl^SSiFIKDSl Galesbun istep-Moil. Galesbur BATON 1 Mftfota ffUfttM md Ml* Paiilim Vnn mm •HcwN th« PrtsKyteritn Bdird Mwtlng and BnlrlW recently at the Weal Sidi United Presbyterian Church In Monmouth, t Mrs, frank Otto, accompanied by her daughter. Mrs. f red Van r nm 4? AfoXflf Iff IVitl (Nffltt ftmrstay from Rtetater, Minn., where Mri, Otto underwent an examination. After spending several days hart it the home of nil parent*, Mr. and Mrs, Key Cole, Mr. and Mn, Robert Holer and their two children left Thursday tor their home in Ames, lows. Carey HMIIard of Rhine, Ga„ Is • house guest In the home of Mr. and Mrs. E. E. Donaldson. Milliard, a committeeman on the Na ttoftlf Bftirtf of Rural Letter Car- Hers, li on his way to attend a meeting in Wichita, Kan. Mr. and Mrs, A. E. Edlund and their daughter Judy of Minneapolis, Minn., art visiting in the home of Mrs. Sdlund's parents, Mr. and Mrs. Charles Gordon., , Mr. and Mrs. Walter Kester and their four children of San Diego. Calif..'are guests in the home of Mrs, Hester's parents, Mr, and Mrs. Mar ley Gordon. MIsi Pauline Van Eaton left recently for Detroit, Mich., where she will be a state delegate to the Convention of the National Education Association. The con* r Ventton is being held this week in Cobo Hall. alii mmMM Missionaries Expelled ROME CAP) — At least 83 Roman Catholic missionaries have been ordered expelled from the Sudan, a church press service here reported. Giris Assembly At Kirkwoad Adds Members KIRKWOOD-Kirkwood Assembly No.- 94, Order at the Rainbow for Girls, met Tuesday. Miss Laurie Walters, worthy adviser, reported that two candidates were initiated. Mary Lynn Hall announced that each member of the assem­ bly was to invite a Rainbow Girl from another assembly to be her guest at the picnic at Young's Lake July 9. 4 Refreshments Were served by Linda Murphy, Caroline Jenks and her mother, Mrs. Kenneth Jenks. Caroline Jenks, Nancy Jo Smith, Laurie Walters, Susie Bryant, Cheryl Pape, Nancy Haben, Mary Lynn Mall, Lynne Jenks, Peggy Giddings, Jean Ann Scaton, Karen Johnson, Barbara Blodgett, WilSOft, Mrs. Lftulte W. Smith attended Illinois week. Caroline and members of the Grand ilimWy choir. Nancy Jo gave 6 as grand representative kansas, and Suzte served detity in the memorial •IS-.'-' •* I* •V o- READ THE CLASSIFIEDS! ate -Yvti fin rbecuing Red & White Brand m i Gal. Ctn. 4 - * m 11 r * d " - * - •f • • - 4 i mm White Brand ••F v i * 4 1 + - M • h L ^ 1 +. 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