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Show I Treasury figures relating to the since the June request to raise se recent $2 billion the debt limit to $296 billion, show deterioration in the fiscal Unnecessary spending is has been precipitous creasing. Nonmllitary Federal ex- - THE CRISIS debt-increa- by Senator Harry Flood Byrd of Virginia It was with a good deal of reluctance and, I will say, a good deal of aadness that, as chairman of th? Senate Committee on Fin- - July-Janua- WITH CONFIDENCE VOTE j ance, I was compelled to ask for an increase In the Federal defbt limit from $296 to $300 billion. I did so because I was told that unless the lobt limit was increas ed, cur Government could not pay its current bills. II do not recall in any long service on the Senate Committee on Finance that there never before arose 6uch a condition as was presented to us. It had to be recognized that the failure of this Government to pay its bills would create chaos at home and abroad in the free I a 2 At 1 Elect WILLIAM "BILL" THOMAS Democratic Candidate for COUNTY TREASURER Young - Qualified - Experienced VOTE FOR THE MAN WHO HAS PROVED HIS Vote ry . world. Such a situation could not be i permitted to occur. Under circumstances which had been allowed to develop, we were virtuily forced to go more deeply into debt to pay running expenses continually coming due in excess of revenue income.. Federal financial crises such as this are recurring with increasing frequency. Enactment of the bill raised the limit on the Federal debt $7 billion in 6 months. A year ago the debt limit was' $298 billion. In June, 1961, at the request of the administration, the debt limit was raised to $206 billion. Now, at the request of the administration, . it has been raised to $300 billion. ( in the first 7 months this year, through January, 1902 ran 10 percent higher than during the same period last year. Total Federal expenditures in the period were $3.9 billion .higher than last year; nonmilitary expenditures incrcas-- 1 ed $2.4 billion, and military ex-- ! penditures increased $1-- billion. We have been the policeman, 'tho banker, and the Santa Claus !for the free world more than 15 years. Recent figures showed U.S. foreign aid has totaled more than $100 billkn, and It is continuing. Meanwhile ws are faced with a menacing deficit in the balance of international payments between the United States and nations we have assisted. It has run as high as $4 billion a year. This situation, in combination with domestic deficits which threaten or cause Inflation, has resulted in a drain on our gold supply. We have lost 30 percent of our gold in relatively few years. I emphasize: We have lost 30 percent of our gold reserves. We are already laboring under a terrible tax burden. It is confiscatory in some areas. Deficits are continuing; and the debt is at a peak never reached even for 4 years of global shooting war. In addition to $300 billion in direct debt, we have assumed contingent liabilities at home and abroad amounting to untold billions more. Now we proposs to underwrite the debts of the United Nations. Before July, 1962, the administration is going to ask that the debt limit be raised again toy $8 billion, lifting the limit by $15 billion in a year. As the situation stands now, this will be the year of the highest revenue and the highest debt in history. It Is clear that continually rais jing the statutory limit on the debt is only temporizing j Federal wim dangerous deterioration in the Government's basic fiscal condition. ' penditures For ABILITY BY "SERVING YOU" Primary Election: September 11, 1962 Paid Political Adv. HELPER As chairman of the Finance Hie (Utah) Committes and I hope I shall be joined by other Senators I THURSDAY, SEttTT. 6, 196(2 PAGE NINM shall oppose to the utmost of my capacity raising the debt limit an additional $8 billion, to $30 bil- - essary spending in the fiscal year row and borrow. lion for the next fiscal year beginning on the first of Nothing now before Congress July wiiL-urn uwiimi.Mi auuii Is it possible for us to destroy or any other branch of Governsays there will be a balanced budget. ourselves from within f ment Is mors important than pro tection of the nation's fiscal gtruc American should ask Every A thorough examination of the ture. It is being examined. Mean financial position of the United;"""11 further impairment should-b-e while, Khrush-bsorve y States should and will be made' Nothing could stopped. the Senate Committee on Fin- -' chev better. Survival of free before the next request to tions' including our own, the limit on the Federal ponds on the financial soundness tot tnis Government. debt is granted. on the Work examination has( Neither our form of govern-starte- d. The Government's obli- - ment nor our system of enter-gatioare huge, complex, and prise can survive Insolvency. All worldwide. The study will be ex-- 1 of us know that we cannot It is concerned with tinue much longer to spend and hard facts as distinguisbed from spend, and tax and tax, and bor- nscai lantacy. As a starting fact regardless GET YOUR FREE $W TOUR of how important the justificatMAPS OF UTAH! ions were there have been 24 Federal deficits in the past 30 Now it's easier than ever to have years. The deficit last fiscal year lots of fun and relaxation right was $3.9 billion. This year, ending here in our own beautiful state! June 30, :1982, It will be $7 billion to $10 billion, to make it a S&H and the many merchant! ChtBiUt total of $11 billion to $14 billion who give S&H Green Stamps are Both riches and honor come for the 2 years. It is my frank so proud of the people and the (IChron.). and considered opinion that there of thee. natural to We not do have pray for splendor of our fine state will not foe a balanced budget that S&H has created a special next year. I would foe willing to specific things. We only need to grow through prayer, to Tour Program that we want yoik venture, as strongly as I can, the become a perfect channel for to have absolutely FREE ! prediction that there will be a very substantial deficit unless the expression of the infinite Pick up your free S&H Tour good of the universe. something is done to stop unnec- Maps detailed for every part of our state, plus a handsome sou venir scenic booklet at any servNOMINATE ice station near you that give H. J S&H Green Stan ps! DEMOCRATIC CANDIDATE P.s. Get a few extra copies and, For send them to your friends in othef ATTORNEY GENERAL $ states. They'll love it, too! na-an- ce de-rai- se ns con-haush- ' r7v BRYANT Responsible INSTRUCTIONS TO VOTERS: To (X) in the square at the right of the desire to vote and in no other place, under more than one party or group to improve Labor, and solicit new business for Carbon County Primary Election: Sept United States Senator Vote for One KING, DAVID S. RAMPTON, CALVIN L. Attorney General Vote for One CROFT, BRYANT H. Whole Family FAHRING, Hews C. R. vote for a candidate place a cross name of the person for whom you Do not vote for any candidate listed designation. County Clerk Auditor & Vote for One INSTRUCTIONS TO VOTERS : To (X) in the square at the right of the desire to vote and in no other place. under more than one party or group Fads Family Features BENNETT, WALLACE F. YOUNG, BRIGHAM H. LEE, J. BRACKEN US. Representative, Dist. County Assessor Vote for One BURTON, LAURENCE Monitor Norway St., toiton IS, Maa. m tln Sand your nawipoptr for dwekad. EncloMd find my chock or morwy ordor. 1 yoar $20 I month SI Q month! $10 County Commissioner Vote for One 1 Vote for One J. County Commissioner Vote for One County Sheriff V Vote for One ADRIAN County Attorney Vote for One KELLER, DAN C. RUGGERI, A. JOHN Vote for One County Surveyor Vote for One VST TIIORIT HATCH Lawyer IIITGHECL FUNERAL HOME I Dick Mitchell GALE, LAVOY B. BENE, JOHN PASSIC, ALBERT NYMAN, CARL State of Utah County of Carbon Phone GR ft Wvaml O'BRIEN, ANN County Treasurer i GARFIELD, RULON R. THOMAS, WILLIAM (Bill) KOSEC, LOUIS Professionals Uain vote for a candidate place a. cross name of the person for whom you Do not vote for any candidate listed . designation. Vote for One SANTI, ALBERT MATfflS, J. ARNOLD So. County Recorder ANDERSON, 2-- 73Sm SEMKEN, CHARLES H. MAYNARD, W. H. On K Utah! Vote for One United States Senator MC.ARTHUR, P. HAMPTON MILANO, JOY HENDERSON HALPINE, JOHN (Jack) JR. 4-- Yr. Z55 stamps! SEPTEMBER 11, 1962 RADOKOVICH, ROBERT HENDERSON, WM. H. (Bill) State Representative, Dist. 1, Vote for One Good Reading for the THy OREEN CARBON COUNTY ... Sclanci H smart, thrifty shippers threuthetit 11 ftllt Tht Christian i REPUBLICAN SEPTEMBER 11, 1962 I will support Legislation Qualified Saved by thtuiandtif SAMPLE PRIMARY BALLOT CARBON COUNTY Ticket Democratic Dedicated dv. b John S. Boydtn Paid Political DEMOCRATIC REPRESENTATIVE District No. 1 CROFT Former F.B.I. Agent Former Assistant U. S. Attorney Experienced Lawyer SAMPLE PRIMARY BALLOT DR. G. R. FAHRING JOURNAL - SS. I, B. H. Young, County Clerk in and for Carbon County, State of Utah, hereby certify that the foregoing is a full true and correct copy of the Official Ballot to be voted upon at the Primary Election in Carbon County Legislative District No. 1, to be held Tuesday, September 11th, 1962. Witness my hand and seal of Carbon County, this 1st day of September, 1962. B. H. YOUNG, County Clerk, Carbon County, State of Utah J ,,' ."' I i i |