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Show The Paper That Dares To Take A Stand Page 2 The Utah Independent November 11, 1976 The READERS OUTLOOK Independent fflffica Dedicated To The Constitution, Liberty, Morality, and Truth Where the Spirit of the Lord is, there is Liberty Corinthians 3:17 KERSHNERS COMMENTARY By Dr. Howard E. Kershner The Credit Noose Part II We have become wild and reckless in the matter of going into debt. Over the radio and television we hear how easy it is to begin enjoying the good life now by incurring more debt. We are being urged to do it. We have adopted a credit card economy which adds three percent or more to the cost of everything for which credit cards are used. Motels, gasoline, and a constantly increasing variety of goods and services are purchased through the use of credit cards, which make everything more expensive, even for those who do not use the cards. For instance, I do not use them, and yet, for a motel room I must pay a price based upon the credit card economy, which means three or four percent more than it would be if credit cards were not used by anyone. Installment purchases cost about 18 percent more than cash purchases. If we trained ourselves to pay cash we could have about 20 percent more goods and services than we now enjoy. The difference is paid out in interest charges. years ago when my wife and I were newly married, we bought two things on the installment plan. I thought I would never get them paid for. We have never done it again. A cash economy has enabled us to enjoy much more than we would have had by installment purchasing. A family will live better if it learns to put its savings in the bank, collecting interest, until enough is accumulated to buy the wanted merchandise for cash. By so doing, the family will save in three ways: 1) It collects interest on the money it is saving regularly; 2) When the necessary amount is accumulated it buys at the lowest cash price, often less than a time payment price; 3) It avoids the 18 percent installment charge. It is safe to say that this would enable the family to enjoy at least 20 percent more of the goods and services it desires than it would ever have under the installment purchase plan. We paid 40 percent down on the first house we bought, and also on the second one. One of the main reasons houses now cost at least four times as much as then, is that we have moved into a credit economy, with corresponding high interest charges, which makes everything we use much higher in price. Except in emergencies, the states and municipalities basis too, instead of paying could go on a or more of their incomes for interest. out This money could go for the purchase of additional services. Today, when municipal fathers budget the annual income of their city they must allocate a large portion for interest. This would all be saved under a plan. Municipal loans frequently cost far more in interest than the principal itself. All this would be saved. The city could pay cash for the most needed items this year. Next year it could pay cash for what was considered most important that year. Instead thereof, the present practice is to issue bonds for many improvements, with the result that these desirable things 'cost from to yb more than they would on a cash basis. Sixty-on- e cash-and-car- ry one-four- th cash-and-car- ry The mm Independent Salt Lake City, Utah The Utah Independent is published by the Utah Independent each Tuesday at 57 East Oakland Avenue, Salt Lake City, Utah 84115. Yearly subscription rate is $10.00 by surface mail In the United States, $15.00 foreign. Second Class Postage Snd changt 57 TOM ANDERSON POLICY NOTICE Paid at Salt Lake City of address forms and correspondence lo East Oakland Avenue, Salt Lake City, Utah 84115 Utah's Largest and Fastest- - Growing Subscription Weekly We like to receive Letters To The Editor. Frequently, however, these letters are much too long for us to use. For this reason, we are adopting the following policy: 1. Letters To The Editor or should be typed (double-spacean written legibly on one side of 814x11 sheet of paper. 2. We will publish these letters regularly as space permits. We appreciate the fact that some subjects require more length. In such instances they should be submitted as News Articles and will be subject to our regular HOW COME? d) editorial needs. and policies current News items Must Be Fully Docunxnted. We want to print ONLY THE TRUTH! Many thanks. THE EDITOR Sorry we cannot print your requests for funds. WHY DISARMAMENT? Dear Editor: by the papers and have it dinned in my ears over TV that the I see white Rhodesian government is illegal because it had the temerity to declare independence from Great Britain. If the Rockefeller coterie of bankers and CFR elite do not have their way in establishing totalitarianism in the United States, we may hear them saying that the American government is illegal for the very same reason now being applied to Rhodesia. If the. Rockefeller cabal is successful in its drive, we must take up arms a second time. Could this be the reason behind the current movement to disarm Americans? Very truly yours, What do you hink Q. Its Many of todays teachers are equipped with all kinds Dear Editor As usual our President by official proclamation designated October 24 as United Nations Day. But fortunately more and more Americans are now recognizing October 24 as the UN DAY OF SHAME. That the principal founder, the American who did much of the planning and ran the founding San Francisco Conference in 194S, was a Soviet spy, should be reason enough for doubt but actually reasons abound for recognizing the true nature of the United Nations. At the founding of the organization, the USSR was given three votes in the General Assembly, white the United States and all other member-nation- s have one vote. At the UN conference in London in January 1946 our delegation agreed that the Undersecretary for Political and Council Affairs in Security charge of all military, atomic energy, and disarmament matters would always be a Communist. And he always has been! And the Secretary-Generof the UN has always been a socialist committed to the demise of free enterprise. Does that make sense? The financial mess of the United Nations is common The United States knowledge. the bills, and holds the bag! pays And think of it among the Continued on pace 3 al - of degrees morality. Many except of them enter fhe teaching profession for only three reasons: June, July, August. Q. Do we ever collect any of the debt owed us by foreign nations? -- M.C., Raleigh, N.C. A. Hardly ever. In fact, we dont even collect the interest. Nor did our leaders ever intend for us to collect. State Department Our during the past three years has settled debts owed us totalling S billion dollars, for a mere SI 12 million. Thats two cents on the dollar. Thats also inexcusable, unforgiveable. No foreign or domestic debt should be settled without anti-America- n, and full disclosure to the American people and an affirmative vote by the U.S. Congress; Q. Why is it that the news commentators, reporting on Portugal, The French people tell to the bare truth, a are, decadent, arrogant, cynical, untrustworthy, cowardly A. people, who are-.mor- e interested in free love than in a free country and the Communists will probably enslave them soon. Freedom and morality are indivisible. Viva la American fibre! Q. In of your recent one columns somebody was asking something about Robert E. Lee having his citizenship restored. A Congressman has now suggested that draft dodgers be given the same rights as General Lee. What do you think about that? -- M.W., Plano, Tx. Ill agree to it - after the draft dodgers have A. waited as long as Lee did. Q. Is it true that there are thousands oj Russian spies in this country now? If so, how come? -- B.W., A. McMinnville, Tn. As Review of the News has reported, MASSIVE RED INFILTRATION OF Spain, and on other Senator Barry Goldwater declares that Soviet spies have infiltrated every major industry and business in the United throughout the world, never States, so-call- ed revolutionary activities mention the word Communist Howard Finney Bountiful, Utah 84010 DAY OF SHAME of a teacher who would go out on strike? -- O.L., Reedy. W. Va. A. imprintable. the term ? They use instead. -- American, Columbia, Tn. leftist Theyre afraid the people will discover that A. Communism is the scourge of the world. Their owners are Have pro-commun- you ever seen an anti-Communi- st documentary on TV? Have you ever heard an unkind word spoken against the all-timurderer in human who history, Mao has slaughtered an estimated sixty-fou- r million Chinese people? Tse-tun- g, Q . Why he so about sex? At straight-face- d about the same time Betty Ford was speaking her mind on sex, which caused a national furor, Francoise Girond, French Minister for Womens Affairs, came out for bare breasts on the beach. In France, that wasn't even news. Viva la France! -- B.B. Mountain Home, Ark. " We admit of no government by Divine Right. The only legitimate right to govern is an express grant of power from the governed. - William Henry Harrison AMERICA: as well as congressional committees and seven to nine Senate offices. In an interview on public television, Goldwater says that he does not know why anyone should be shocked at this because Red spying in this country is so fantastically larger than what we do, that theres no way to talk about it. He says that he got the information about infiltration of Senate offices from Vice President Rockefeller, to rouse, not to discourage. - William E. Channing CIA commission uncovered this fact but did not include it in its final report. Goldwater says that he asked Rockefeller later why the information was not in the commission report and was told by the Vice President, I could only print what I was allowed to print. -- American Way Features Readers comments and questions are welcome. Please write us at The American Way Features, P.O. Box 990, Pigeon Forge, Tennessee 37863. The best yardstick of the effectiveness of the fight against Communism is the fury of the smear attacks against the fighter. -- J. Edgar Hoover Blessed Difficulties are meant whose the man who, having nothing to say; abstains from giving us worthy evidence qf the fact. - George Eliot is |