Show Revenue Sharing or Debt Sharing achievements the late Among the of non non lamented lamented Congress was passage passage passage pas pas- sage of the so called so-called called Revenue Sharing bill Immediately thereafter the Washington Washington Washington Wash Wash- ington money managers quickly dispatched dispatched dispatched dis dis- patched computerized news releases to every part of the nation Halloo reporting how much revenue would be passed on by bythe bythe the Federal Government to the various and sundry states counties cities and townships In California for example the amounts promised run all the way from for Villa Park City in Orange County to for tho city a of Los Angeles It all looks good on paper There is only one very slight alto alto- altogether gether gather minor problem The Federal Government Government Government Go Go- has no revenue to share sham According According According Ac Ac- cording to a New York investment house Anderson Co the federal budget for fiscal 1973 will have a super super 33 billion deficit or to spell it out In other words words' Con gress gross has already appropriated far more mare money than we have Assuming the Anderson Anderson An An- derson Co Go projection to be bo fairly accurate our deficit for fiscal 1973 willbe willbe will willbe be greater than the entire Federal Budget Budget Budget Bud Bud- get for the year 1948 Our of our compatriots Editor R R. R II Kirkpatrick of the Palm Beach Fla times commented Where will the money come from More deficit spending by the Federal Government More borrowing to further increase the staggering national debt More paper money to create more in in- If any individual taxpayer or business firm operated in this fashion it would mean bankruptcy court in avery a avery avery very short time But the Federal Government Government Government Go Go- aided and abetted by a spendthrift spend spend- thrift Congress keeps shoveling out money money mon mon- ey oy as i if there them were no tomorrow And who pays for it all You do To which commentary we add our own Congressmen think they are arc kidding |