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Show UNCLE SAM'S PUNS TO MEET HIS OBLIGATIONS Agreed at Capital That Some Clever Financing Will Be Necessary By H. B. HUNT. Newspaper Enterprise Association Staff Correspondent. WASHINGTON. Jan. 6. Uncle Sara's tncome of 98.000,000,000 or so during ths next two years will be insufficient to pay bills fallipg due within that time. He Is like a man with a growing family, with food and shoes and clothing to buy and a mortgage falling due. Even though he reduces outlay for food and clothing to the minimum, the saving won't be enough to meet his mortgage. What is he going to do? The same thing the Individual would undertake negotiate a renewal of his mortgage In the hope that, later, he may be able to meet it. PLAN BACKED BY FORDNEY. This plan, which has the support of Chairman Fordnejr of the houe ways and means committee, will enable the Harding administration to reduce somewhat some-what taxes under the revenue bill to be taken up at the special bom ion. Instead of having to pay some $7,40A,-000.000 $7,40A,-000.000 war Indebtedness, ss well as provide pro-vide for current expenaee and the Interest Inter-est and inking fund on the remaining 120. 000. 000, uoo of public debt within ths next two years, payment would be deferred de-ferred on the maturing obligations. Only sufficient taxes would be levied to provide the interest and money for the sinking fund. We really wouldn't be In any better condition financially, but the Immediate pressure would be lessened. DELAY ON REVENUE. Hearings on the revenue bill will be suspended after the Christmas recess In order that the committee may devote Itself It-self to proposed changes In the tariff law. Both revenue and tariff bills will be held back, however, until the special session ses-sion under the Harding administration. Then the first matter to be taken up will be refunding the short term obligations obliga-tions outstanding. This taken care of, the Harding administration ad-ministration will be In a position to formulate a general financial program. , |