There are three ways to balance the budget:
-- Cut down spending and expenses, or
-- Collect more revenue (increase taxes), or
-- Do both
There are no other ways under the sun I know of.
The first of these is far and away the best. That is why my
answer to your sixth question is an unqualified "No." The St.
Lawrence Seaway would take eight or more years to build. The
alleged Engineers estimated it would cost just short of one
billion dollars to build it deep enough (26 to 28 feet) to carry
10% of the present ocean-going freighters. Which probably means
it would end up nearer three billion in cost. And what would it
cost to build it deep enough to carry the other 90%? To say
nothing of the cost of dredging lake harbors, building docks, and
dozens of other important expenses? For the most part it is to be
located in Canada and subject to Canadian law. Canada says it
will build it alone. In the name of the Great Jehovah and the
Continental Congress, let Canada do it! Let some country,
somewhere, sometime, some way or how, build something of its
own--on its own.
It is now proposed that an immediate increase of $100 or more in
personal exemptions for all income tax payers be made, and still
more for next year.
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