Show SIX STEPS TO RUIN I Unless the tho constantly widening gap between gov- gov government income and outgo is 18 closed writes Roper Roger W V Babson one of the outstanding American economists ruinous consequences will result Fust continue continued deficits ultimately lead lend to fear of government cre credit it Second unsound pub public he credit means unwilling unwilling- unwillingnesS to pay its bills nesS to lend the government money Thud Third the treasury is ia forced to print paper mon money J to pay its deficits Foul til th tho paper money fall full like liko u a meteor in in value nIne as fur prices pi ices shoot sky high Fifth the tho buying power of salaries wages sav sav- savings savings savings ings accounts insurance policies and bonds drops to nothing take the Sl Sixth S th h the ruined mined starving middle class lOIn of government by hy force to bring order out of chaos chao think it too late Into to put the Mr Babson docs 1005 not but quick action financial house in order goi O e basis hasis federal expenses since since is i essential On a n per per-Pelson have increased from 2 to 55 a year The aver aver- aver ngo American family of five has lias an income of 1700 1700 It ago owes owea as its share of the soaring national notional debt 1375 In addition to owing this tills debt doht it must pay annual annual- annually ly y in Federal ta taxes es alone Only an aggressive vo public de- de demand de demand mand for retrenchment anda and und a n balanced bf budget can save lIS u ua from 81 steps to ruin Mr MT Babson describes 4 o |