Show the panacea of S spending pending from the new york times some fallacies die hard and among the toughest is 6 the belief that increased governmental spending necessarily necess arly means mean increased sed purchasing power pot er in the country and therefore more prosperity experience however 1 gnes ailes no reason for supposing that nix an unbalanced budget or a heavy government Goern ment spending program I 1 it either a necessity or an advantage adian tage in bad it tunes times in 0 we o not only balanced our budget but actually retired the huge bum of linore imore than a billion dollars in debt ift we c had a prompt arid and sharp recovery yet the apostles of government spending view the question in a crudely metha way ay they persist in believing that the m money oney spent by government at least that amount not offset by tax collections must mean a net addition to the total spending purchasing power gocr in the nation hut but they forget tint that private incomes are arc not spent automatically that new enterprises are not started automatically mati cally that imen are not employed ed before these things are done men inen allt have confidence and if tile the federal budget should bec more hopelessly out of balance than ever the effect would probably be only to undermine confidence still further government spending instead of bridging tile he gap would in that case only widen tile gap gal confidence can be restored only by reforming tile the ta lav la laws s and other changes in ili legislation and in ili administration attitude altitude as will indicate a genuinely Kenui nel y sympathetic 83 pathetic concern caliel irn with the difficult problems pr oblenis if f those upon whom the country must depend to employ i labor and expand enterprise |