Kankakee Valley Post, Volume 10, Number 47, DeMotte, Jasper County, 10 October 1940 — Bankruptcy Threatens U. S. [ARTICLE+ILLUSTRATION]

Bankruptcy Threatens U. S.

Willkie Hits Hard at Deficit, Spending and Third Tcrin. Wcodtll Willkit is hittinf hard at 1m third term and ths national dabt

as he wages Ms campaign as fee Republican nominee for the presidency. To Ms mind, both the national debt and the third term are linked together. Both contain threats against fee "American Way of Life"; threats of a possible dictatorship.

In the speeches Mr. Willkie has made since the campaign opened, he has been asserting that every democracy which has (alien in die course of history has been destroyed because of overwhelming debt. “For eight long years we have been going down that road. Now the man who has brought that threat to us is asking for a third term." "We have existed in this counts for 160 years under the great tradition that two terms are enough for any president. Yet now, when of all times democracy and the democratic way of life are facing their greatest test, when of all times we should preserve all of the processes of the democratic system, we have a man who says, ‘I am indispensable/ M "This campaign is a crusade for the preservation of the American way of life. This is a crusade to establish an example of liberty for all the world. It is a crusade against the concentration of power in Washington. It is a crusade against the egotism of the doctrine of the indhq>ensable man." Mr. Willkie's indorsement of the present farm program, with modifications to remove objectionable features of administration, eliminates the question of benefit payments as a campaign issue. But on the debt and the third term, Mr. Willkie has fundamental issues to take to the farmer, home owner and business man. The national debt, rapidly approaching 50 billion dollars, he describes as a mortgage on every farm, home and business in America. He predicts that if President Roosevelt is re-elected, the debt will grow to 75 billion dollars within the next four years. "The great immediate benefit which can be brought to agriculture,” says Mr. Willkie, "is restoration of business-like methods in government and the return of the present ten million unemployed to the payrolls so they again can become r chasers of the farmer's products. believe both things could be brought about. All that is needed is the touchstone of someone who knows about production, who knows that the most glorious thing in the country is not words, but work."

Wendell Willkie