Show aur MUSTS FOR rall AU TIME this years war budget alone as by the president will be more than half the estimated national income that makes it mandatory mandi tory that the fedal al government and the people insist upon a workable fiscal policy which will make it possible to spend this money without bringing on an internal fiscal collapse first all must pay higher direct and indirect taxes and direct taxation must be extended to the very vcr I 1 lowest 0 west income tax brackets second every non essential government activity must bo be stopped and appropriations sharply reduced in many non defense bur caus I 1 third the people must make every possible reduction in their living ling expenses and buy defense bonds and stamps to the limit of their abilities fourth the government must not loan or spend money lor for any purpose that can bo be financed by private business this last is extremely important there are literally dozens of federal loan agencies many of them operate in direct competition with the banks thus subjecting the burdened taxpayers to needless expense and risk the banks as their spokes spoken men have said ver clief to expand private and defense financing nan cing they must be permitted and encouraged to do it the presidents message on the state of the union indicated the extent to which all must pull in their belts and help win this war for liberty and security and government itself must do precisely the same thing |