Show it BABOONS A it 0 NS AUTHENTIC STATEMENT special to THE EXPRESS moser W nab BABSON DISCUSSES OUR FEDERAL DEBT EN ROUTE HOME the direct debt of our federal government today for which government bonds or bhart term bills are issued Is ap proximately billion ahn you buy bonds bond this means that when you buy a government bond as the best beat possible security you should realize that many bil all lions in these bonds have been issued they are looked upon by banks educational eions and other investors like yourself as the safest plue e in which to have ones money but it Is not generally realized how many such bonds are out standing it is as if you were buying shares of stock in a corporation and looked only at the price giving any attention to the number of shares hares issued in addition to these bonds the government has also guar billions of dollars in other fiscal obligations these are known as contingent ii 11 abilities such as the guaranteed home mortgages loans to farmers aid to colleges hos petals veterans etc although the U S is the greatest coun try in the world it Is very generous generou s and extravagant furthermore if we should go into a depression the federal government would take on some liabilities of states mun farmers veterans and many business concerns in order to prevent bankrupt cles cies th U S has hai many G good cad all of the money being spent on armaments is not spent on missiles and other for forma of explosives when I 1 visited cape canaveral in florida and saw one of the missiles explode all of us were in an underground vault watching via television I 1 saw a million dollars ate in a few seconds this is not true of many military ex tures the radar system which encircles this country to give us advance notice of enemy bombers la is a B good in vestment as are also our nu clear submarines airplane fields highways etc I 1 recently visited washing ton D C and was as astonished toni shed to find that our federal gov is building the larg est and best airfield in the world it is primarily for jet planes and has runways two to three miles in length war or no war this is surely a good investment this airfield is about 20 miles from washing ton and the government la Is building a straight new high way from the airfield to the center of washington dut but this la Is not all some 12 miles south mouth of the airfield la is planned a most elaborate electronic con trot center on 20 acres of land this control center will look like an ordinary two story office building in front with walls of glass and stain less steel behind it will be a high building which will look like a mammoth safe deposit box with cement walls walla 16 indies inches thick there will be emergency living eions in the basement for the workers in addition to the cost of the land and the build ing it is said that the elee elec ironic devices therein will run over 3 million no structure will stand a direct hit from an atomic bomb dut but while it is believed that a bomb from an airplane or a missile from some russian satellite could destroy washington it would not necessarily harm these buildings or the people and machinery therein the only danger would be the fallout to eliminate this there will be tanks on the root roof which will told hold gallons of water which in 2 hours would clear the roof of any contamination from fallout I 1 understand that mammoth airfields and structures similar to this are planned for areas near all the largest cities regardless of what Is said in congress or by presidential candidates we should realize that expenditures have to in crease rather than decrease A tremendous effort must be made to keep the budget in fair balance in order to protect our gold supply and our credit abroad the me US U S dollar must be kept sound as a means of protection it is foolish to talk about reduced taxes with the exception of reducing foreign aid and help to farmers veterans and oth er large and politically strong groups we are bound to have higher federal costs and high er direct and indirect taxation let us pay theme theae increased taxes cheerfully and thank god we are living in the U S instead of anywhere else in the world |