The sun. [volume] (Newberry, S.C.) 1937-1972, April 06, 1967, Image 2
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PAGE 2—The Newberry Sun, Newberry, S. C., Thursday, April 6, 1967
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COMMENT
on
Men & Things
By J. K. BREEDIN
It is so easy to be in error.
Recently I was regaling my
readers and hearers with the
details of economies which
might reduce the National bud
get by at least twenty five
b'llions in a year. In my items
for reduction I mentioned the
war in Viet Nam. I indicated
that this martial display is
costing about 12 billions a
year. Of course 12 billions is
no burden to this rich nation;
we are so rich that we almost
ooze billions from every pore,
eh? But it seems that I, a poor,
unsophisticated Commentator,
not accustomed to vast sums
of money, missed the mark;
missed it grievously. If I seek
to correct my m'statement I
remind myself of the Sunday
School man who strove for ex
actness at all times and had
spoken in opposition to a Sun
day School picnic at a mill
pond and 10 children were
drowned.” In view of that de
pressing story tihe mothers rose
in a body and the idea of a
S day School picnic at the
r . pond was abandoned. The
wr.ole plan, idea, and program
were conclusively squelched,
utterly, tee-totally and abso
lutely.
The following Sunday our
objecting friend stood up and
said: “Brother Superintendent:
Last Sunday I reported that
ten children were drowned at
the Sunday School picnic. I
was mistaken; it was not ten;
it was twenty three children
drowned.”
So now. I spoke of a mere
pittance, you know, a miserly
12 billions or so as our yearly
cost of the war in Vietnam.
And now comes the Chase Bank
—New .York’s largest bank
the great institution of sixteen
billions, and the Chase bank
says, “The anticipated annual
spending rate of the war of
twenty five billion, etc.”
So then, if I alarmed you by
predicting annual outpouring
of 12 billion I must now tell
you, on the authority of the
greatest bank in New York,
that the outpouring is about
twenty-five billion!
INCOME TAX RETURNS
Prepared
Federal & State $3 up
J . I) . HALL
2162 McCRAVY ST.
(Across from Jim Dandy Film
Service)
TAX RETURNS
PREPARED
T. L. BROOKS
Public Accountant
Wise St. Extn. — Opp. REA
Hourst 1-6 p.m. Tuesday
through Friday
INDIVIDUAL & BUSINESS
RETURNS
Phone 276-5620
So that’s how it is!
I was impressed recently by
an advertisement of the Chase
Bank of New York that it now
has sixteen billions of dollars
invested. That is a gigantic
sum of money, and great Chase
bank proudly proclaims it to
the world—16 billion in the
greatest bank in New York.
And now this little skirmish in
Vietnam which we are told is
not a war, is costing twenty-
five billion! And we are losing
several thousand men every
year, an irreplaceable loss!
We are spending and spend
ing; and taxing and taxing;
and planning and planning
with a reckless disregard of
sound government.
You may have observed that
our national debt is now about
three hundred thirty five billion
dollars and the easy spenders
want to raise the limit!
Reflect just a moment; are
we crazy or merely foolishly
reckless?
I quote a sound observation
from The Wall Street Journal:
“The case for the President’s
proposed tax increases is weak
from every angle.
In an effort to keep the
deficit for the next fiscal year
from growing to financially
and politically unacceptable
proportions, the Administra
tion asks a 6 per cent sur
charge on corporate and most
hdividual incomes. Even so,
the estimated deficit for fiscal
1968 is over $8 billion.
That comes atop nearly $10
billion now reckoned for the
period ending June 30, or close
to $20 billion of red ink in a
scant two years. And—espec
ially judging by the course of
Federal spending since last
January—it could easily turn
out to be much worse.
It may be recalled that a
year ago administrative-budget
spending for the current per
iod was projected at $112.8
billion; now its $126.7 billion.
The figure for the following
period is now given at $135
billion.
To call such outlays fiscal
recklessness is an understate
ment. There is no excuse for
pushing ahead with the whole
hodgepodge of domestic wel
fare programs in the midst of
a war that is rapidly getting
very big and very costly.
Yet, while demanding tax
boosts, Mr. Johnson made no
mention in his State of The
Union message of reducing
non-defense spending. The
omission 's all the more strik
ing in the light of his candid
acknowledgment that some of
the programs are ^hot through
with mistakes and failures.
Nothing daunted, the Adminis
tration >s determined to inten
sify the effort to create a full
blown welfare state.
The economics of the tax in
crease are no more logical.
NOTICE TO CREDITORS
All persons having claims
against the estate of Julia S.
Norman, deceased, are hereby
notified to file the same, duly
verified with the undersigned,
and those indebted to said es
tate will please make payment
likewise.
JOHN THOMAS GALLMAN
Executor
Care U. S. Gallman, Sr.
834 Hunter Street
Newberry, S. 0.
March 16, 1967 M23-3tp
Last year the argument for
raising taxes was made largely
on the ground of fighting in
flation. At the moment, with
evidence of slowing down in
many business areas, less is
heard of that contention. It
ought to be noted, however,
that the inflation is still with
us.
How good, then, are the Ad-
ministration‘’s tax proposals as
a way of dampening inflation?
The figures speak for them
selves. By greatly expanding
its spending, running enormous
deficits, the Government is
still on an inflationary spree.
It is attempting to curtail pri
vate demand while swelling
Governmental demand, an ex
ercise which makes no sense.
Finally, a word about the
individual taxpayer, the harried
middle-class man who provides
most of the Government’s rev
enues. He finds taxes already
going up on almost every
front—Social Security, state
and local. The Federal Author
ities have already given him
the fat tax of inflation, and to
day kindly, paternalistic Wash
ington wants to gouge still
more in direct taxes.”
We have over in our quiet
city of Manning a colored
preacher who has expressed e
great truth in very few words.
When he was asked why so
few listened to his sermons he
replied: “Sin is very popular.”
Can you improve on that?
As long as it seems “quite
the thing to have liquors in the
home and on sale conveniently
aspiring young men will want
to show they are in the swim;
and older men frequently need
ing a bracer or a solace, will
look for it in liquid form.
Now, our Pennsylvania friends
have an idea. Long ago we ex
perimented with State-owned
liquor shops called State Dis
pensaries. Remember?
“The Pennsylvania Liquor
Control Board, which owns and
operates all liquor stores in
the state, is conducting a state
wide advertising campaign
aimed at getting parents to
‘take the pledge’, not for them
selves but for their children.
Over a four-month period,
the board plans advertisements
in some 350 daily and weekly
newspapers urging parents to
sign a pledge which reads, in
part: “I don’t care what other
parents let their children do. I
am not going to let my child
ren drink any alcoholic or malt
beverage at home or anywhere
else before they are 21”! Penn
sylvania law prohibits the con
sumption of alcoholic beverages
by persons under 21. The
pledge, of course, has no legal
status, but the board believes
it may at least make parents
conscious of teen age drinking.
The first advertisement,
which amounted to a quarter-
page in the large dailies, was
run the last week of Decem
ber. A second is scheduled to
appear across the state on
January 23. A Philadelphia ad
vertising firm was hired to
handle the campaign, for which
the board budgeted about $70,-
000. In addition to the news
paper ads, the agency is send
ing 60-second, taped, public-
service announcements and col
or films to the state’s 200 radio
and 25 television stations. The
unusual advertising campaign
is part of a continuing effort
to curtail illegal drinking by
teen-agers; the program began
almost a year ago when the
state agency became alarmed
over the growing number of
teen-agers arrested for drunk
en driving. Teams of enforce
ment officers were sent out
nightly to check on taverns a-
cross the state. In more than
10,000 investigations (the
board watches over 25,000 lic
ensees, including taverns and
restaurants, hotels and clubs),
the officers arrested almost 200
minors for drinking and 8 lic
ense holders or their employes
for serving the youths.”
More Social
Security tips
If you know everything there
is to know about social secur
ity and medicare, you won’t be
interested in this article. For
example, you will already know
when to visit your social se
curity office. But don’t stop
reading yet; there may be some
details that you have not con
sidered.
Medicare protection for hos
pital bills and doctor’s bills can
start with the month you reach
65. To get this immediate cov
erage for doctor bills, however
you must enroll during one of
the three months before the
month you reach 65. Your
medical insurance, which
pays doctor’s bills, is not ret
roactive, and if you do not
sign up on time you will lose
months of coverage.
Your first enrollment period
ends three months after your
65th birthday. If you do not
enroll before the end of the
third month after the month
you reach age sixty-five, you
won’t be eligible to sign up
until October 1967. Your cov
erage would not start until
January 1968.
If you sign up in your first
enrollment period your month
ly premium will be $3. Should
you wait until October 1967,
your premium will be at least
10 percent higher.
By not visiting your socia 1
security office promptly you
can lose over a year of this
valuable protection against the
cost of doctor bills. You are
eligible for medicare even if
you continue working after
sixty-five.
To make sure you under
stand how social security af
fects you, get in touch with
your social security office at
219 MagnoBa Avenue, Green
wood.
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