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Show The I! E L nun sr.: ram E R V THE FEDERAL BUDGET w association Washington Attocusw Fubllahtil JOURNAL (Utah) Mitr H..nd A NATIONAL ROBERT N. TAYLOR .Washington Correspondent. By SO .firmed by the President at his 'subsequent press conference. Arier doing a little homework, we wonder how anybody, any- Washington insiders have revhere in the iworld, gets enough vealed in their oblique way that to eat. Through the weight of Mr. Dillon had been reluctant to sheer numbers plus their in- - make this revelation, but had it finite and varied capacities for scared out of him by the stock n destruction the bugs should market plunge (which the idsnt explained was a reaction to the earth. Scientists estimate (to give the, end of inflation), Bvtrj ThurdF THE JOUK.VAI, FURLiHHINQ COWPANT HKLPKR. UTAH ir4 News-Lett- er Al Til PACE TWO Poat Offle At Rlar. THUHSDAY, JUNE 21, DUfc . 1902 Pres-ow- I j some idea of what we are up "f.fJ"8 against) that there are In exist- to Unicant. But, ence somewhere between two mM "ot th "nnouncement coming and four million different kinds wlt th of insects ?ta,0u Mr- - OMon'u plea of which entomolo-o- n for th have ce,ilin thusfar described gists tiIjJllh?r the Picture of the about 625,000 species! Some, like nTation ot Kenty-wltho- utthe bee and the butterfly and to come into .aPerspiration begins ftw. ..rtwrm r t,.u ocus' our food, but the rest of Ltax - them, specialize In taking it away from us, chewing up our forests and giving us diseases. And four mil- lion assorted insects may live comfortably on a single acre of ground. People can't do that even in New York! In the 80 years since the first American company began formu- latlng and producing chemicals for farm use, this country has moved ahead of all others in the battle against the bugs. Rigorous control the testing, accept- ance and marketing of insecti-- 1 cides and other pesticides. Ad- ditional laws and regulations To make it possible for the Government to cut tax rates on shrinking incomes and continue spending more and more, all that is required is to raise the debt celling as needed. At $306 billion, it is already too high for most of ug to comprehend. And if you dig that, try to conceive of a trillion dollars, which former US Director Maurice H. Budget stans estimateg is what we really owe. This sum, 5,1,000,000,000,-law- s 000, is arrived at toy adding to our formal National Debt the $700 billion of Juture obligations for past services items such guard us against foreign bugs as Veterans' pensions, retirement that would otherwise cross our pensions, payment for completion end enforce of public work projects, author-quali- ty borders, establish standards for foods en- - ized military supplies and meet-terithe market. ling Federal subsidy commitments. As a result, ours is the only Such a figure being far beyond nation in the world in which the ' our mental capacity, who can food shopper is limited only by worry about piling more billions iher taste and her purse, assured, on top of it t no 0ly of infinite variety, but wlln ax reaucuons, tnere wm fruits vpaK1 JJ" dancing in the streets. What eU we been waiting for? yet, even so the damasw that nere? insects do to crops, food pro-- 1 Bu why cttans if before Ux ducts, livestock, property and huu an remember that far back. man health here in ... a a The New Frontier must do bet i i. .j than that, and surely it will. o7 a, aU us com'PIam bout our while success in this fight '" w?rk' is spectacular (as every foreign .erTUn'"' needs only to pay all of us for mot working instead of Just u yet. And we might also srive some of us. That will be IT! thought to what would happen if we should let down our guard ng 1 iSSgS" WHO NEEDS IT ? , s All land of ours today, you oan hear the beat of the promotion drums. The drums have very special beat. What Get aboard. aboard the government's is: they're heralding iGet : medic!:! care plan' for toe aged. Get aboard." across this . In legislative lingo, the plan now before Congress is known as the WU. It stipulates the granting of hospital services to the orMed ' !" bug-fighti- ng jr Klng-Aoders- plus elderly Americans who are now benefits from social security or the Railroad Act and either getting to everyone partioipating in toe social security program 'ventLa:iy UW2-wt- ien utt 'vwiULtMi ney reach m. Note the woras in capital letters. V r I "J , lon I 'JJJ J; JjjJ i .v'.j or In order I to "look at the record," we now introduce Thomas B. Curtte J half nd of the important House Committee the buss would mt mir on ways ana BHians. we quote from toe congreasman'a factual crops. With the same demand for food and half the supply, prices article in the Jane issue of feeder's Digest: would automatically double. If f "The stakes are staggering. If passed by Congress, the Admin- we had enough money we could If we hadn't, things would (R-efo- OUTLOOK FOR BUGS QUARTER .) - tfl. or case at Journal rrtfU-- 0 By Ralph Robey Many Administration spokesmen during the stock market collapse said that the break was unjustified, that the business condition is sound, and so forth and so on. There is some truth in this point of vkw, but it is not the whole story by a long shot Certainly the stock market drop was more than it should have been, and this is going to be a year when new records are made over a wide range of the business picture. But this does not mean that there is nothing to worry about. We still have a vast range of problems of crucial jjgJl ip JAN.,r?l $.S BILLION 5 E9TIMATEP SURPLUS. j 'BtCHES (W imwrtance. But first let us take a look at some of the favorable factors: JiV PAssl" Gioss National Product, the total monetary value of all goods and services of the nation, is still advancing.' This is estimated only on a quarterly basis, and DEFICIT! for the first three months of the year the figure was $548 billion. This was an increase of only $6 billion over the final quarter of a constantly declining rate. Credit that the surplus of exports over 1991. The total is expected to remains the trade balance plentiful, and there are imports rise for the remainder of 1962, no signs that the Federal Re- may be even smaller than the but the administration's estimate serve (Board is about to change approximately $S billion we have of $570 billion for the year as a its policy. And so it is from one been enjoying, and that will whole is now unattainable. end of 'the economy to the other. make the deficit even more painTotal industrial production still ful. The Administration is keenly Now as to major problems still aware of this is on the upgrade, but there Is problem, but so far no real zip to it, and no one ex- facing us the following deserve has offered no real solution. pects a sharp upsurge for the great emphasis: Federal government spending balance of 1902. We may even Unemployment is still too high, continues to climb. Some of it Is have months when there is no and nothing significant is being the result of growing difficulties overall increase at all. Automo- done to reduce it to acceptable; around the world, but more j bile production is doing hand- proportions. comes from the fact that the N beare somely, and there is optimistic still Corporate profits present Administration believes -- car talk of a seven-milli- on year, ing squeezed, and this tends to this is the best means for lifting including imports, but this still hold down the volume of invest- - the trend of business. This, it ment in plant .and equipment, may be noted, is one of the reaappears high. Housing starts have shown the which is unfortunate for all sons there is such widespread second monthly sharp increase, points of vkw. feeling that the federal governand this has renewed predictions Wages are advancing, and fre- ment as a unit is now ,3,S33,W anti-busine- ss. that we shall have 1,400,000 pristarts this year. vate And overall construction continues to show encouraging increases over the same period last year. But neither of these is going to contribute a great deal of lift to the business trend as a whole. Retail trade is up slightly. The same is true of wholesale trade. Inventories are increasing, but at non-far- m quently by more than the increase in output per manhour. This adds to the cost of production and, with the difficulty of raising price, it serves as a damper on the whole business structure. The deficit in our balance of international payments is much too large for even us to be able to stand. (Present indications are ! As we have stated many times in this space, we still believe that the business trend will continue upward for the rest of this yeas. But the uptrend, in our judgement, will leave much to be desired. Phone Kewt Item To - ? t nave ucca welfare legisttaUon in kistory. Cast estimates for the first year in earlier times, and are now in ; alone vary fnn the government's sanguine one billion to an in- - many sections of the world. The curtailment of pestl- surance ccmpanfs four billion. Two things are sure: the cost will cides M could soon add as much as be tremendous, and it wiU cane out of rour paycheck and mine, taxes (Federal, state and local) nd ,u othr ,food bl" While wetjainc Ciartiss findings, bear in mind that there Is .industries would wither for lack Act wbfch grants federal funds to now in force the be matched by the states. Note that thiSj Complex as our civilization has medical care funds h bocombugs would soon money is to be gtren to persons whose income falls below certain have it unmade J . prescribed ceilings. wSere that Gere are way. for providing medical care Curtis in .fl.sTwe or older people -- without adding more billions to those already that New (Frontier is! For a time, we thought it being spent by the federal government. Here are his alternatives: be connected with "the . . . . . . might L 1. Taxpayers sfiouia get a wee tor paymg any pan or battle for men's minds''. Then, it seemed as if it must be in parents' medical costs including medical Insurance. PBut now we know. ) medical to choose the type of ( 2. People should be free It's a New Frontier of Economics. . . . , , it insurance inai oesi auiis meir nwu. i Treasury Secretary Dillon, who 3. More and more people are insuring "themselves. Today should know more about econ- omJcs th"n practically anybody, practically all insurance companies offer policies for people over tipped us off in his recent speech 5 years of age. to the Financial Writers Ass'n. 4. Determine how each community now solves its problems on in New York in promising "a top to bottom reduction in the rates ' providimg medical care for the aged. of income tax". That this event 6. Make it easier for elderly people to pay doctors' bills. would be triggered by a tax overhaul bill to be sent to Con. Private pensions funds should be allowed to provide medigress next January was con- cal insurance for tbeir own members. Whether or not you "buy every one of this Congressman's plan is one that suggestions iremcrrfoer that the can never pay for itself and one that the people do not need. G i j J0" ICanr-Alil- te! U - . I j .... ou1-t- r - King-Anders- (4 . ' rs m tnsoa 499 f09 PlOTlCTIPf is Equitable Iiistirftnce Agency If you mad a SUM of money for a SUMMER vacation, whisper ttie sum to us. Then pick up your cash, CITY FINANCE CORPORATION HSfW tSOO mad 7iE5iSt--637-202- 0, Lft to CNy Finance Co. INSURANCE Of All Types Public Liability FIRE LIFE Price - AUTO QtOROI PATTkUUCK rVae MZT-on- o Price, UWi Where every choice is a vote With every purchase, she votes yes for that product. But how docs she know so mnth about the eight thousand supermarket items? how! Advertising builds the mass demand that trignnlatfi mass production. At volume goes up, prices come down. aUarkea widsn, job uscrease. These are the forces that keep the cccr.ony 1 v MasaBBSaSBtA cartsj sUSaJBB faasal sn2skaitk saep jwxt inrusj ictct txsa -- tSgkf, ' UT9 J- - Aursst- - |