Show HUX HIX STEPS TO atvin i 1 11 unless the constantly WIdo widening ning gap between government 1 income ond olid outgo Is closed writ writes es roger W bab son soil one of tho the outstanding Amb american rican economists six financially ruinous consequences aul wul result first continued deficits ultimately lend lead to fear of government credit I 1 i So second cond unsound nd public credit moans means unwillingness to t 0 lend the government money to pay its bills 4 f i third tile the treasury to la forced to print paper money its deficits fourth the paper money talla falls like a meteor in value as prices shoot sky high fifth the buying power of salaries wages savings accounts insurance raude policies an tind d bonds drop to tb practically cotil nothing ling I 1 t sixth tile the ruined star starving ing middle as claca jakc tako tho alle reigns of government by force to bring order out of chaab ier babson think it too late to put tile the governments ern ments B financial house in order but quick action la is essential on oil rc a per person basis federal expenses since 1800 1860 have ilieff increased ased fromi 2 to 55 a year the average american family of five I 1 has IRS an income of 1700 it owes as its sharo share of tile the soaring national debt 13 1375 75 in addition to owing tills this debt it must pay annually andua lly in federal taxes alone only an all aagre aggressive asive public demand for retrenchment and a balanced budget can save from the six step sto to ruin mr air babson describes |