OCR Text |
Show A FIFTH OF OUR EARNINGS The tremendous increase in public expenditures in recent years menaces the national pocket-book. Fifteen years ago one-fourteenth of the national income was devoted to the purposes of government. Today about one-seventh of our Income is spent for these purposes. Public expenditures have been increasing at the rate of $500,000,000 a year and not total $13,-000,000,000 $13,-000,000,000 annually, or more than $40,000,000 for each working day. It Is forecast that unles people check governmental expenditures they will soon consume one-fifth of our national Income. The tremendous amount of waste, incompetence and duplication of effort in governmental activities, is a sad burden on American prosperity. |