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BABY LOTION Z SOF ER N r November 21, 1974 The If V v -v v .. : Dr. Vernon J. Tipton was the speaker at an inter club meeting held with the Provo Kiwanis Club last Thursday. Howard C. Maycock was toastmaster. Mr. Tipton spoke on the subject "Alternatives and the Choices We Make." Tonight will be a Ladies Night and Mr. and Mrs. J. Reed Bird are in charge of a very entertaining musical evening from "The Merry Mrs." Linda Cluff, Mary Giles, Shirley Smith, Janet Woodfiled and Loris Hayes, accompanist. r Looking Ahead hv Dr. George S. Benson President NATIONAL EDUCATION PROGRAM Searcy, Arkansas , iiwmmmmmmmmmmmmmmmmmmmmmmmmi REASONS FOR OPTIMISM As one travels around the country there are many voices raised in dire forebodings about the future of the United States. Prophecies are heard on every hand that our very system of freedom is about to do down the drain. Most of these voices are basing their pessimism on the rate of inflation plaguing our economy. There is no doubt that America is facing one of its greatest crises in our history. There is no doubt that the dangers are great, and there is no doubt that our very system of freedom is at stake. But, there are many reasons for optimism about our future. To put the problem squarely in perspective let's look at the options open to Americans. First, we can go the route of most of Europe and many other nations in the world and permit inflation to run away. Once inflation reaches and remains at more than 10 percent per year, pensions, Social Security, savings and other provisions for the welfare of a large percent of the population are soon destroyed. This brings a demand for government to take full responsibility for feeding those independent on such provisions. In , order for government to take such responsibility it has to have total power over the incomes of those still in the work force. Simply put, it means government govern-ment has to control all means of production and distribution of what is produced. This is what happens in Communist countries coun-tries from an economic viewpoint. Add to this the political fears of a government afraid of the people it governs and you have the modern version of tyranny. , Russia and most of the other so-called "iron curtain" countries, came to this position via the use of brute force. The advocates of Communism knew where they wanted to take the people and they took them there at the point of a gun. Some other countries in Europe have arrived at the same economic position via uncontrolled inflation. in-flation. Students of Communism Com-munism will remember that Marx, Lenin, Stalin, Khrush M mm. mmmmmmWt V 5 I I in our Time mk -q&- COAL POWERED - 7 JN THE SEARCH FOR A GASOLNE SUPPlES, MEMAMOL S W THE SPOTlGH'T... A OKIAHOMA, SCIENTISTS AT CONTHEATAL OIL ARE PRVAJG TEST CARS WITH ' ORPtNARY' GASOLINE ENGINES APJUSTEP TO RUN OA METHANOL, A HP TEST RESUL TS SHOW THA T METHANOL BURNS MUCH CLEANER THAN GASOLINE, MAPE FROM COAL MORE MPORTANT, METHANOL (WOOP ALCOHOL) CAN BE MAPE FROM COAL INSTEAP OF NATURAL GAS. TOPAY'S SOURCE OF METHANOL. THE UNTEP STATES - HAS A SERIOUS SHORTAGE OF NATURAL GAS, BUT A HUGE RESERVE OF COAL L7T WILL TAKE A HALF - BLLIOA POLLARS ANP SEVERAL YEARS TO Springville Herald Page Fifteen IK ,l chev and the present leaders of Communism have never deviated from the goal of "taxing the middle class" out of existence. That has now happened hap-pened in England. It has also happened in other Countries where inflation has been permitted per-mitted to stay in double digit figures. We are in danger of it happening in the United States, but there are reasons for optimism! op-timism! The alternative to this is to bite the nail, to pull in our belts, stop spending beyond our income in-come and bring inflation under control. No one believes it will be easy. Most of Congress and most State governments have been accustomed to being elected on the basis of "what we will do for the people." But the cold, hard realities of our present situation are these: The federal government must cut expenditures down to the level of its income. Labor should cut its demand for higher pay down to the level of its income. Labor should cut its demand for higher pay down to what the company can pay without raising prices. In short, we Americans are going to have to lower our standard of living, lower our demands for luxury items in all areas, do without some things we would like to have, but for which we would have to go in debt and tough it out for the next year or two. If we are willing to do this, then inflation can be brought under control in a period of 12 o 24 months. Production will begin to exceed demand, the buying power of our dollar will increase, in-crease, prices will stabilize and freedom itself will have been saved, and our jobs preserved. What are the reasons for opt-timism? opt-timism? First, the present administration ad-ministration has given strong indication that it is willing to take a hard nosed position and reduce federal spending to the level of federal income. The President has named the curbing of inflation as his number one objective in the coming months, and has put Congress on notice that he will not tolerate another deficit budget. What is important, he has said reduction in federal spending must take place now ... not a year from now ... in the budget which has already begun. A year from now, when the new fiscal budget is put together under the new Congressional Budget Responsibility Act would be too late. It wouldn't do anyone any good then to say they couldn't be held responsible. The country could very well be in total chaos by that time and politics as usual could be gone forever. l7Grtllrr htilUftl . K. CARS... FUEL TO AUGMENT BUILD THE NATION'S FIRST COAL-TO COAL-TO -METHANOL PLANT.. THEN SOME s, PRIVERS MIGHT SAY, "FILL jfi yER UP- MM METHANOL " HEALTH NEEDS for all YOUR FAMILY! 39c VALUE 1! |