14 Oct 1960
Page 1
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Newspaper
Winters Enterprise
Location
Winters, Texas, United States of America
Date
Oct 14, 1960
Page
1
Roger Babson argues that discussing tax cuts is risky as it could raise federal costs. He notes the current direct federal debt around 240 billion dollars and explains the large outstanding government bonds as a key factor investors rely on for safety. He compares bonds to shares of a corporation, warning that price alone ignores issue volume.
The author argues that the government guarantees billions in contingent liabilities such as mortgages loans to farmers and aid to colleges and hospitals. They defend rising federal spending noting investments in radar nuclear submarines and airfields while warning of higher taxes to sustain balances and the dollar. They praise U S living standards and urge readers to accept tax increases.
Girl Scout Brownies met Thursday under Mrs. Wayne Wilson and Mrs. Clifford Hill at the Scout Hut. Roll call noted each member had performed a good deed. Attendees included Lynanne Hill and Melinda Wilson, with Shirley Jean Allen hosting after nibbles by Mrs. Troy Allen.
Mr and Mrs Roy Davis returned home last week from Des Plaines Illinois where they visited their daughter and Mr and Mrs Vernon Lanter and Danny They also visited two cousins in Hot Springs Arkansas and a niece Mrs John Hallford and family Advertisers urged to see Alfrey's Open House in Parkview and Hoppe Additions Sunday Oct 16 from 1 to 6 pm Itc
Mr and Mrs Melvin Ballard of Hobbs New Mexico and Mr and Mrs Albert Bishop of Lamesa visited in the home of Mrs Ettie Bishop and also called on Bryant Bishop during their weekend stay.
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