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Show . (LOOKING I ftri AHEAD acw GEORGE S.PENSON filpSw rretll"'"""'""' ?'" TIUN(1 TO DKMAN1) i the national debt limit bo M"S Every man, woman and r'liS'd. the nation has a wry tfiitf i" .n tUo answer to this -.si st T,e legal limit now is eS'000.000. It is expected to ?' ed earlv In W54. Then the S' rtt will be imposing- a mortgap on the present fft"rf income of every Amer- lean family. There is a way out of the financial mess our governments govern-ments in without plunging ourselves our-selves furthor and further in debt It can be stated simply: cut fed-oral fed-oral spending to equal' federal income. in-come. Senator Harry F. Byrd of Virginia, Vir-ginia, one of tho nation's acknowledged acknow-ledged authorities on tho federal budget puts it this way: "It may be that the administration would be forced to operate on a very prudent and conservative budget in order to avoid an increase in the debt limit, but the President has tho authority, if he chooses to use it, to place every agency of the government on expenditure rations ra-tions and limit the expenditures in in such manner as he deems best." j Good Example Governor ' Francis Cherry of Arkansas, when he took office la-it January, insisted that the legis-lture legis-lture give him the power to cut state expenditures below the legislative legis-lative appropriations if tax income should fall below the budget allotments. allot-ments. Sixty days later the income from taxes did fall below the rate necessary to support the appropriations. appro-priations. The Governor had a choice to make. He had a substantial treasury treas-ury balance. He could take the politically pol-itically "easy road" and dip into this treasury balance to make up the difference between income and outgo. But that, he knew, wouldn't be sound governmental practice.-It practice.-It would be like borrowing money for spending. He chose, instead, to cut expenditures. His instruction instruc-tion to his Director of Finance and Administration wasn't the loose political generality "cut to the bone." His instructions were spec- ific: "Cut expenditures to within the tax revenue available to every department." Better Government' The Director of Finance and his Budget Director sat down with each departmental head, one by one, and cut the expenditure allotments allot-ments to an overall figure -equal to a conservative estimate of anticipated anti-cipated revenue. Each three months this will be done. And as a result Arkansas citizens get higher quality, more efficient, less costly ' " Washing-ton . did some substantial budget .cutting, and Congress went even a little farther. Both were following the clearcut mandate of the electorate for a balanced budget, bud-get, reduced expenditures and reduced re-duced taxes. But neither went far enough. They have hot achieved a full step toward sound government govern-ment until they bring government spending within its income. The American public must now renew its demand that this be done. ADRIATIC QUEEN . . . Posing regally at Rimini, Italy, Is Sig-norina Sig-norina Silvana Grande, chosen as "Miss Adriatic" and queen of beauty in her district. government service, for Governor Cherry has challenged the departmental depart-mental heads to "-make up, in ingenuity, for the reduction in dolalrs and cents." What Governor Cherry is doing for state government in Arkansas can be done for federal government govern-ment by the present administration. administra-tion. It is the sensible, sound policy to follow in any financial matters. Senator Byrd says, "We all know there are thousands of ways to reduce government spending that can be accomplished by executive order without impairing benefits as measured bv real value. I regard re-gard a $275,000,000,000 debt as a menace that not only will harass those of us of this generation but many generations of Amei'icans to follow us." , , Stability at Stake Dr. Melchoir Palyi, internationally internation-ally known economist, explains the "menace." He emphasizes that increasing the national debt weakens weak-ens the dollar in international exchanges ex-changes and weakens the strength of our nation in international affairs. af-fairs. He cites, also, current examples ex-amples of European nations whose internal stability has been perhaps critically injured by money policies creating constant inflation. The French franc has been constantly watered down in purchasing power pow-er by loose government policies, and the stability of France as a nation has been woefully shattered. The new administration in |