Kankakee Valley Post, Volume 18, Number 26, DeMotte, Jasper County, 28 May 1948 — NATIONAL DEBT CUT [ARTICLE]

NATIONAL DEBT CUT

Atlantic City, N. J., May 25.—* Secretary of the Treasury John W. Snyder said today the national debt had been cut marly $28,000,000,000 since 1947 lut ‘‘the com.bination of tax reduction and increased expenditures probably spells the end of debt reduction from budget surplus during Ifta next year.” The Misses LaVerne fivers and Gwen Belstra and Bernard Vari Keppel and attended the Tulip Festival in Holland. Michigan last Sunday.