Show BABSON'S NS N'S More than billion has been added to the cost of living in the U. U S S. S since 1961 as us a result of inflation OTHER TENS of billions of dollars have gone down the drain as the buying power of the money we have invested I in savings life insurance reI reserves reserves re re- re- re serves pension funds and securities securities securities se se- se- se has shrunk Actually during the past seven years inflation has cost each of us almost 1000 Uncle Sam Spendthrift To be sure wages and prices have with alarming alarming alarming alarm alarm- ing speed as management and labor have played a dizzying game of got you last as each has made vain efforts to gain gainin in a race that everyone is los los- ing BUT THE real culprit is Uncle Sam himself whose liberal and spending has been the greatest great great- est single factor in the decline of the purchasing power of our dollar Not only has Uncle Sam been spending our money with great abandon he has also been spending far in excess of tax returns thus placing a heavy burden of debt on our children and grandchildren SINCE 1960 the national debt has ballooned from billion to billion a a boost of more than 20 per percent percent percent cent and the interest has jumped from 92 billion a year to billion a boost of 56 per cent One-Man One Fact Finder Truth is the federal government government government gov gov- has so many spending spending spending spend spend- ing programs in operation that no one knows their exact num num- ber her Nor do officials in Washington Washington Washington Wash Wash- ington know precisely which agencies are spending how much at any given time REP WILLIAM V. V Roth of Delaware was unable to get definite answers about government government government govern govern- ment ment spending during an eight- eight month statistical study of such programs For example his queries to Big Is Expensive I the Office of Education drew drewa a reply that agency was operating operating operating op op- 53 spending programs But the Office of Economic Opportunity told him there were 52 such federal education education tion programs His study disclosed disclosed disclosed dis dis- dis- dis closed a total of CONCERNED BY the tremendous tremendous tremendous dous probability of overlap and irked because Congress is not keeping pace with government government government gov gov- spending as is required required required re re- re- re by law the Congressman Congress Congress- man has introduced legislation legislation legislation legisla legisla- tion calling for annual listing of all federal spending programs programs programs pro pro- grams and monthly updating of pertinent figures respecting respecting respecting respect respect- ing them Government Competing With Business If Rep Roth's bill becomes law Congress will be better able to judge fudge the need for new programs and in better position to rout out duplication of services But there is another another another an an- other aspect of the government government government govern govern- ment spending picture also urgently in need of tion That is the extent to which government agencies are competing competing competing com com- with private ent enterprise PRESENTLY Uncle Sam operates commissaries post exchanges book stores barber barber barber bar bar- ber shops and even gas sta sta- sta- sta Being tax-free tax these compete unfairly with regular regular regular regu regu- lar business operations of similar nature in their respective respective respective re re- re- re I localities Back in 1955 the Commission Commission on on GOVernS Hn Operations pointed e mess iness to 98 b b biness government areas where the fe fed feder d et provided goods goods' services readily available fro private enterprise ro roTHE THE LATE President Preside t headed w the commission w J widely applauded when hen its r r port was made Its fin were welcomed Welcomed by bu busine and taxpayers but in the mai Congress neglected to through gh follot u i Action Depends On You Size and prestige too oH oft ofu beget carelessness doubt Uncle Sam is wasp wast our money on overlapping unnecessary projects and j i providing goods and servi service which could be furnished m mo mot I cheaply by private ent p prise ise r r PROBABILITY is that th Ui ensuing annual cost to to ta taa payers reaches into hundred of millions of dollars in mone mane spent and tax revenues lost 1 I It is the duty of Congre to determine which program should be cut back and b bi how much But-as But always always- the response of Senators ari an Representatives will ref ren your interest and prodding I or lack of it Bl j f REMEMBER REMEl Its It's your mo mon money Ij I r ey and your freedom that ar arat an anat at stake Ie |