Letters, Apr. 3, 1972

Is the U.S. Going Broke?

Sir / TIME'S cover story [March 13] completely misses the point. The solution of the Government deficit problem is not to raise taxes but to cut costs.

Not by skimping on essential services, but by canceling nonessential services and jobs and by reducing pay scales to a point where the public is able and willing to pay. In short, for Government to do what any business concern caught in a fiscal squeeze must do to survive.

Why cannot TIME, instead of plugging for a still heavier tax burden, acquaint its...

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