OCR Text |
Show Deficit Information For the information of the statistically minded we call attention at-tention to the fact that the Fed-quarter Fed-quarter of the" fiscal year which oogan July 1st, spent $976,060,-301 $976,060,-301 more than it collected. This is what one technically terms a ueticic. At this rate of extravgance it will be easily seen that the de-ncit de-ncit for the full year will be a little less than $4,000,000,000. with the nation going hog-wild on preparedness, which always comes high, it might be estimated estimat-ed that the deficit will exceed the indicated figure. It is interesting to observe, as a passing comment, that some of tne vociferous objectors to a deficit, de-ficit, when incurred for feeding starving persons, are guite reconciled re-conciled to the idea of a big deficit de-ficit if the money is spent or military and naval purposes. It seems, from wnat one reads, that a deficit for war or national defence, has some virtue that is unconnected with a deficit incurred in-curred in assisting individual citizens. Vve confess that we are somewhat some-what ignorant of the terrors that lurk in deficits, except insofar as a private lack of funds might oe termed a deficit. At the same time, we moan for the boys and girls who can hardly bear to see the government spend more money than it collects. They are in for a bad winter. |