Show f 1 w HOW MUCH CAN WE CARRY j r More ilore and moro there is a growing trend trond to live livo on credit Tho The debts mount and tho the spiral of inflation continues upward and sometimes usually s in the sleepless s1 hours just before dawn this tendency frightens us It has always been our contention that tho the jUt do donot not want our country scorched blackened worthless s. s They want it just as it is right now Wo We still still and and will continuo continue i until proven wrong wrong contend contend that tho the Communists have havo a long long- ran range go plan to bankrupt tho the richest country in the tho world into submission As tho the Reds Keds start new fires brush all over tho the world our costs of fighting them mount up and up and up And there thero is only ono one source of meeting these rising costs you costs you and m me tho the taxpayers The Tho load can be increased and carried only so 1 long long after after all it was the final straw that broke broko the camels camel's back I How far can wo we go go T i How much can wo we carry carry t i This is a problem which requires fierce concentration scientific study If H you and I aro are spending more moro than we wo are i taking in or can definitely know w we will take talc in soon we wo are aro in in serious trouble whether trouble whether it is in the size of the tho weekly take take- home paycheck pay the net act from tho the bu business or what's left of the J z milk i k check This applies just as well to all governmental agencies even agencies es-cven es even to tho the State of Utah Utah will be facing serious financial problems by 1963 I 1 unless future ut expenditures are arc carefully controlled 2 T This i ivar var Warning was sounded by Utah Fo Foundation the private private pHs vate l r search research organization in a deta detailed led analysis of U Utah h state finances Tho Foundation study shows that mainly because of ot expanded p school op operation ration and state building outlays major lund fund balances and nud surpluses in Utah we wells reduced by 17 million il i m dur during ng the tho past two two bie J A further reduction t of f 28 million is expected in the 63 1961 biennium biennium In addition addition addition addi addi- tion to reducing its fund b balances fan s and and surpluses Utah has bo borrowed or authorized loans totaling million from the te teState thes s State bank balances These fund balances surpluses and l loans have cushioned tho the tax increases ases n needed eded to finance tho the States State's expanded capital capital capital capi capi- tal outlay program and tb meet rising school expenditures expenditures- According to the report port state and school building authorizations authorizations authorizations during the tho past two plus the current year two period total million while the current exp expenditures n from t to tho Uniform School Fund have risen from 44 14 million in the 1955 57 biennium to an estimated million in Although Utah has been able to finance an increased sj spending spending spend spend- end ing lug program in part by using surpluses and borrowing from other funds the tho Foundation points out that this practice cannot be bo cont continued beyond the tho present biennium The Tho report observes observes ob ob- ob serves further that the growth in the States State's economy will dowell dowell do dowell well to k keep cp pace with tho the automatic increases in spending requirements resulting from population growth and rising price levels As a result new activities or expansions in iii existing programs will require corresponding new or increased ta taxes es These are added danger signals This spiral must be stopped How howl |