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While spending time in the 7th District during the Easter recess of Congress. I was asked by earnest and sincere citizens how I could support in good conscience substantial proposed reductions in federal spending when some of the effects would be cutbacks in worthwhile social services, postponement of needed public facility improvements and the loss of jobs by some workers whose salaries were being paid, in whole or in part, from federal funds.
My basic reply has been that I am convinced of the necessity of moving firmly to cut federal spending now and in the years immediately ahead if we are to have any real chance of curbing inflation. avoiding a general economic calamity and blanking out the hope of an improving way of life for all citizens, which has sustained and motivated Americans through so many generations.
How can we avoid facing the disastrous consequences of such trends as these: an increase in federal spending per average household of 4b percent over the past four years: an increase in federal personal taxes on the average family by nearly a quadruple degree in 15 years; a-decrease in average weekly earnings—after taxes and inflation—of more than 14 percent since 1972; a national savings rate, over a three-year period, at the lowest rate in .10 years: a ranking of the U. S. at the bottom of the major industrial democracies as to savings and investment?
The President's program of federal budget and tax cuts will not solve all of our
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