A Letter From The Publisher, Mar. 13, 1972

IN the two centuries since Benjamin Franklin first noted the inevitability of death and taxes, medical science has made progress in at least deferring the former. The joys of longer life, however, are diluted by the ever rising and more varied tolls exacted by the taxmen. This week, as Americans are gathering their records, loan applications and discontent for the IRS springtime follies, our Economy section cover story poses the question, "Is the U.S. Going Broke?"

Increasing Government costs and declining public services make the citizenry wonder why the tax trip is both so individually bad and so collectively unrewarding. With the...

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