Show san juan county share of national debt interest san juan county taxpayers will hand over approximately irately I 1 to the federal govern m ent this year just to pay their share of the interest on the national debt according to statistics released by R L irvine vice 1 president utah lumber co salt lake city this sum is only the interest in ini teresi terest on the national debt not the 4 debt itself he stated but if president Tr new spending program is carried 0 out we can expect an additional heavy burden of debt and taxes to be loaded on every taxpayer here according to a recent analysis by the national association of manufacturers he explained the average local family now pays about 1400 a year in direct and indirect federal taxes proposed additional or new federal spending would add about 20 per cent ito that amount mr irvine points out that though many people thinks the national debt is some mythical mystery that doenni affect them the per capita interest on this government borrowed mon beyor what every man woman and child would pay if the total were divided equally among the 4 population amounts to about 40 a year in other words he explained san juan countes Coun tys share ot of the interest alone on the national debt is annually about 70 of our workers earning a year would have to work a year and then give up t heir entire salaries just ito pay this interest theres nothing mythical about this very real national debt of nearly billion that we americans our children and our grandchildren must pay eventually mr irvine said yet no real attempt is being made by 0 our ur federal government to ito recognize 0 ize this fact instead of cutting down wasteful and unnecessary spending making plans right now to plunge us all into even greater in indebtedness debt edness we as citizens live this far beyond our incomes without inviting d disaster and neither can our government ile he explained that the national association of manufacturers rs an organization of our american business firms has rele eased on official U S government statistics in an effort ltd 10 acquaint the american public with wit what is happening to its money unless all of us demand right now that our gover ment take ini immediate mediate steps to get back on a firm financial basis were headed for national bankruptcy he declared |