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Editorial
October 3, 1946
The Tri County News
Grand Rapids, Wood County, Ohio
What is this article about?
Editorial critiques insufficient federal budget cuts amid election-year spending, warns of inflation from excessive government expenditure, and cautions against devaluing the U.S. dollar like foreign currencies.
Clipping
OCR Quality
98%
Excellent
Full Text
THAT PIECE OF PAPER
The cause of economy and retrenchment in government—about which has been heard lately—seems to be in a bad way. It is true that, at the instigation of the President, the budget bureau has done some minor paring in expenditures. It is also true that no really important cut has been made anywhere.
It isn't enough to shave pennies off the Federal budget. We've got to shave dollars—and billions of them. The very magnitude of Federal spending is in itself one of the strongest inflationary influences. And it is the influence which can be most quickly curbed by decisive action.
Congress, working on the cynical doctrine that this is an election year and spending gets votes, did practically nothing in the interest of government economy. And it is evident to anyone that little will be done until public pressure forces it. So long as the free spenders continue to be elected to high office waste will be the watchword.
The interest in this to you, as worker and taxpayer, is obvious. Take a look at one of those green pieces of paper called a dollar. The future value of that piece of paper, in terms of commodities and labor, is the issue at stake. Other pieces of paper, called francs and marks and kroner and yen, have become worthless because of government excesses.
Will it happen here?
The cause of economy and retrenchment in government—about which has been heard lately—seems to be in a bad way. It is true that, at the instigation of the President, the budget bureau has done some minor paring in expenditures. It is also true that no really important cut has been made anywhere.
It isn't enough to shave pennies off the Federal budget. We've got to shave dollars—and billions of them. The very magnitude of Federal spending is in itself one of the strongest inflationary influences. And it is the influence which can be most quickly curbed by decisive action.
Congress, working on the cynical doctrine that this is an election year and spending gets votes, did practically nothing in the interest of government economy. And it is evident to anyone that little will be done until public pressure forces it. So long as the free spenders continue to be elected to high office waste will be the watchword.
The interest in this to you, as worker and taxpayer, is obvious. Take a look at one of those green pieces of paper called a dollar. The future value of that piece of paper, in terms of commodities and labor, is the issue at stake. Other pieces of paper, called francs and marks and kroner and yen, have become worthless because of government excesses.
Will it happen here?
What sub-type of article is it?
Economic Policy
What keywords are associated?
Federal Spending
Budget Cuts
Inflation
Government Economy
Dollar Value
Public Pressure
What entities or persons were involved?
President
Budget Bureau
Congress
Editorial Details
Primary Topic
Critique Of Federal Spending And Need For Budget Cuts
Stance / Tone
Critical Of Government Excess And Urging Public Pressure For Economy
Key Figures
President
Budget Bureau
Congress
Key Arguments
Minor Budget Cuts Are Insufficient; Billions Must Be Shaved
Federal Spending Drives Inflation And Can Be Quickly Curbed
Congress Prioritizes Election Year Spending Over Economy
Public Pressure Is Needed To Force Action Against Waste
Government Excesses Risk Devaluing The Dollar Like Foreign Currencies