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.
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