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Show two or throe years, the peon-; omy can probably shoulder: uch a burden without Ihei necessity for increased taxes.' The privately supported re- -earch body believes the e- pectahle economic growth of, lhe nation, phis business stimulation stim-ulation resulting Irom inereas-i ed outlays for defense, and resulting re-sulting higher tax collections, would enable the government !o pay the hii'her defense billj without unbalancing the budget. bud-get. I Wc do not shere this view, entirely, although we believe that taxes should be increased. Even if the economic growth of the country and higher tax's tax-'s resulting from stimulated business cio not enable the government gov-ernment to finance greatly increased in-creased defense spending, it (would be advisable! to incur some degree of deficit spending spend-ing in one of two. of the next two or three years, lo obtain maximum security for this country and its Allies. Moreover, we are in favor of limited controls which probably prob-ably become necessary if defense de-fense spending is increased by eight or ten billion dollars. These controls would not affect af-fect many items, but where purchasing was limited a price freeze would be necessary, and Congress should freeze prices when it passes legislation limiting lim-iting the public's purchases. The country cannot afford another an-other round of inflation, especially es-pecially inflation which makes rich men of those in the defense de-fense industry field. Chance For Tax Hike It seems strange, but there is today speculation about a possible tax increase, even though only a few months ago most of the tax speculation concerned a tax reduction. The changed prospect is a result of the changed defense and secur ity pictures. Spending for defense next year is certain to rise by several sev-eral billion dollars. Some feel defense spending should be increased in-creased by at least eight billion bil-lion dollars in the coming fiscal fis-cal year. While it may not be increased to such an extent, even an increase of four or five billion will be felt in the U. S. economy. A study by the National Planning Association indicates that even if defense spending is stepped up by as much as ten billion dollars, in the next |