AMERICAN NOTES: The President's Paycheck

How is it that a man who earns $135,000 a year after taxes can save al most nothing and has, with his wife, only $1,239 in the bank? That question was put to President Ford at last week's press conference, after he had disclosed his financial status.

Ford is paying all or most of the expenses of his four grown children and footing the bill for the education of three of them (Susan, Steve and Mike). Be sides, for each one he buys a $50 Government bond and puts $100 into a mutual...

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