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Sen Joseph Joe Mccarthy — Part 15
Page 62
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The Federal Goverment 1s already spending 25% of our national income to .
keep ites bureaucratic monster breathing, Already we are working one aay out of
every four to pay for thie experiment in national suicide, Every time the second
hand ticks out one minute, the goverment goes deeper into debt by epending
10,400 dollars more than it takes in, How long can we stand thet?
Already Harry Truman hae spent more than all the other American Preesi« .
dents in our history, put together, up to the time of Pearl Harbor. The total, .
if you please, is the, staggering sum of 181 pillion doliere, -
Already eince the end of the war, he has squandered 35 billion dollers
abroad through 27 international Fair Deal handout echemes, |
And now under the guise of the Point 4 Program and the North Atlantic Paci
he ia committing us to a permanent global Merehali Plan, and the rearnmamcént of
the rest of the world, And yet, General Bradley, Secretary Matthews and even Mr.
Dulles and Mr, ‘Stescen admit we sre losing the cold war and preparing the table
for Stalin,
Cn the doméstic ecene, in the same period, Mr, Truman hag spent 50 billion
doitars for nationel defense, Yet General Bradley admite that today we are un-
able to keep the peace, win a war or even defend ourselves.
In addition, Mr, Truman himself now admits he cannot possibly keep this
pump-priming prosperity alive on the present "TAKE" of the goverrment. So
he is trying to force through Congress 15 additional Fair Deal p-ograma which
will ultimately raise our national budget from 42 to &] billion dollars 4 year,
This coulda not be financed without at least a 60% increase in taxes which would
force us to spend half our tine working for the Federal Government,
There Is little wonder then this reckless squandering is forcing estates .
into @ 73% increase {n state-government debts and forcing the people in the gras
roots to turn more and more to federal hand~outs in every field to pay for the
increasing cost of the vicious spiral of deficit spending and inflation,
Today, Indiana's $206,604,414 biennial buéget fe the largeet in history.
Indiana's share of thie year's $42,490,000,000 federal budget vhich Mr, Truman
asked for, amounts to $971,853,000. This ia almost five tines the total of sil
Indiana state taxes. It equals the total annual velue of Indiana's farm income,
This rioctoua pquandering might make some sense sz it really were
strengthening the ecopémic pécurity of the American people by xeeting their gen
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