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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 20, 1960)
V. MAIL TRIBUNE, Medford, Or. Wednesday, Jan. 20, 1960 5 In the Day's News By FRANK JENKINS On the day this is written, the President of the United States sends to the congress his annual budget message. Of the budget (for the fiscal year 1961) that President Eisenhower has just submit ted, he says: "(This) budget is a test of our resolve, as a nation, to allocate our resources pru dently ... to maintain the nation's security ... to extend economic growth into the fu ture without inflation." COMMENT: V If YOU, as an individual, fail to allocate your resources prudently (that is, to provide for your fundamental needs, such as food, clothing and shelter) YOU WILL GO BROKE. The same goes for nations. THE BUDGET, the Presi dent says, provides reve nues of $84 billion and ex penditures of $79.8 billion, leaving a surplus of $4.2 bil lion. Comment? Let's let Dick ens' Mr. Micawber provide it: "Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual Income twenty pounds, annual expenditure twenty pounds ought and six, result MISERY." THE PRESIDENT adds: "This surplus should be ADDED TO DEBT REDUC TION, which I believe to be a prime element in sound fiscal policy for the nation at this time." COMMENT: If YOU go adding to your debt and NEVER PAYING OFF anything, you will wind up in the bankruptcy courts. The same goes for nations. It just takes longer. A FINAL word of advice: In considering Ike's bud get recommendations, apply to them the same logic you use when considering your personal or your family bud get. When you think of a NATIONAL budget, you get confused. The figures are TOO BIG to be understood. And The politicians take pains to confuse you even more. They tell you the more you spend AS A NATION the more prosperous you will be AS AN INDIVIDUAL. They quote big names such as Lord Keynes - to prove their point. DON'T LET the politicians lead you off into the wild blue yonder in your thinking. Remember this: When the politicians need more money, they merely reach into your pocket - and the pockets of 180 million others - and TAKE OUT WHAT THEY NEED. YOU HAVE TO WORK FOR WHAT YOU GET. That's quite different. IN CONCLUSION: You and I know that if, year after year indefinitely, we 'go on spending more than we earn, we'll wind up in very hot water. You can bet your bottom dollar that if the government of the United States, egged on by the politicians, goes on indefinitely spending more than it takes in, it too will wind up in very hot water -and it will drag us, or maybe our grandchildren, into the hot water along with it. History leaves no doubt on that point. Nixon, Kennedy's Father in Meeting New York-(UPB-Vice Presi dent Richard M. Nixon and the father of Democratic Sen. John F. Kennedy (Mass.) met unexpectedly Tuesday on a New York sidewalk. It was very cordial. The vice president mention ed that he thought Sen. Ken nedy was doing very well in his campaign for the presi dential nomination. Joseph P. Kennedy remark ed that Nixon seemed to be doing quite well himself. Nixon said he thought very highly of Sen. Kennedy even though they had political dis agreements. The elder Kennedy said his son felt the same way about Nixon. Smilingly, they said goodbye. CAUGHT IN SQUEEZE Little Falls. Minn.-UPD-Dan-iel Bajula, 25, got caught in a jam while trying to get out of a tight squeeze. Bajula stripped to his shorts Monday, smeared his body with hair oil and tried to slip through a six-inch food passage between his cell block and the kitchen of Morrison county jail. It took guards three hours to pry him out of the passage. BRAND VITAMIN "B-12" flB)7 I Builds Red Blood Celts f" I Stimulates Mental Alertness 4-. 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