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Newspaper
Reporter Boyden
Location
Boyden, Iowa, United States of America
Date
Feb 01, 1951
Page
2
The column argues the new tax program will weigh most on low income groups while the Korea evacuation issue intensifies. Analysts note political implications and public sentiment while editorials frame the debate for readers.
President Truman's congress message calls for an 8 billion dollar annual tax hike and a 140 billion dollar defense plan. He seeks wage price controls and larger armed forces, signaling a shift toward austerity as 18 percent of 1951 output would go to defense, far above peacetime levels.
President Truman enacted a civilian defense bill directing federal leadership for state and local preparations to shield civilian life and property in 10 target areas from atomic, biological, or other attacks. States must match federal air raid construction funds, a point criticized by New York Governor Dewey who cited a possible 249 million shortfall.
The article discusses UN retreat toward Pusan and possible evacuation of Korea while Washington debates whether to pull out. It notes rumors of a U S stand, public skepticism of defeatism, and observers arguing evacuation could preserve a future American fighting force amid a costly stalemate.
The Agriculture Department estimates total U S farm assets at the start of 1951 near 134 billion dollars, about 2.5 times the level a decade earlier. Farmers held around 22 billion in liquid assets including bank deposits and investments, with farm debt just under 13 billion. Most growth is in non real estate assets.
Ill health sale of 100 acre farm on U S Highway 14 in Claremont Minnesota with soil and buildings for sale by owner. Also ads for lumber prices and governor campaign, jobs help, three acres near Twin Lakes State Park for country store, plus pheasant skin and feather buy offers from Mitchell Feather Works in South Dakota.
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