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WORDS OF WASHINGTON APPROPRIATE FOR TODAY
It lias become a well established custom to read Washington’s Fare* well Message in both the House and the Senate on the anniversary of his birth on February 22nd. I wish there were such a custom in all of the schools of America because the advice which Washington gave the new nation on that occasion is just as sound today as when the address was first delivered.
I serve on five Subcommittees of the Senate Appropriations Committee which handle the major part of the budget with the exception of the defense establishment. Naturally, I am —disturbed over -the iact- that even though we have no recession which will cause a major loss in tax collections and no ta* cuts in excess of ♦hose recommended by the President, we will still close the next fiscal year with a deficit of approximately three billion dollars. Frankly, my present guess is that it will be larger that that.
On this subject, the Father of his Country in his Farewell Message said: “As a very important source of strength and security, cherish public •redit. One method of preserving it IS, to use it as sparingly as possible; avoiding occasions of expense by cultivating peace, but remembering •Iso that timely disbursements-to prepare for danger frequently prevent much greater disbursements to repel it; avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous Exertion in time of peace to discharge
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