 The Honored Watch is Long Jean. Long Jean watches have won ten World's Fair Grand Prizes, twenty-eight gold medals and more honors for accuracy than any other timepiece. Long Jean, the world's most honored watch, is made and guaranteed by the Long Jean Whittenall Watch Company. It's time for the Long Jean Chronoscope, a television journal of the important issues of the hour, brought to you every Monday, Wednesday and Friday. A presentation of the Long Jean Whittenall Watch Company, maker of Long Jean, the world's most honored watch, and Whittenall, distinguished companion to the world-honored Long Jean. Good evening. This is Frank Knight. May I introduce our co-editors for this edition of the Long Jean Chronoscope? Colonel Anson Talbot, the editor of the New York Herald Tribune, and Mr. William Bradford Huey, editor of the American Mercury. Our distinguished guest for this evening is the Honorable Frederick R. Kudair Jr., a United States representative from New York. The opinions expressed are necessarily those of the speakers. Mr. Kudair, our Chronoscope audience, many of them, remember that you inspired the investigation of communist activity in the New York schools recently, and particularly they know you now as a fighting member of the House Appropriations Committee who is trying to do something about what you think is excessive government spending. They're familiar with this rather sensational resolution that you have recently introduced. Now as the first question, sir, will you tell us first what this resolution is that you've introduced in Congress? Fundamentally, Mr. Huey, this resolution provides the only practical method by which the people of this country can effectively save themselves from complete bankruptcy and stop spending at a reasonable level. All right. Now it's a resolution to halt spending and to bring it to what you call a reasonable level. Now specifically, how will it do that? The reasonable level that must be applied is the same level that every householder applies in his own personal affairs. The limitation must be available income. And available income, in this case, of course, means the proceeds of the intolerably heavy tax burden that the American people are suffering under today. And I say that our government must not and cannot go on spending more than the people are willing and able to pay in taxes. And that's precisely what this administration means to do unless we can stop them. Mr. Coudare, these aren't normal times. And I wonder just how what you propose would cut into our proposed expenditures for the national defense and for foreign aid. Well, obviously, if any effective reduction is to be made in the fantastic proposals of the president to spend something like $85 billion for three years in a row, there must be some reduction in the enormous requests for military funds and some reduction in the foreign aid requests. Now the suggestion that there be such a reduction is obviously not revolutionary. Because my resolution was specifically and expressly endorsed at the time I announced it by none other than former Ambassador Douglas, our United States Ambassador to Great Britain, who as much as any other man was responsible for the Marshall Plan and responsible for the development of the North Atlantic Treaty Organization. Mr. Douglas said to me in a letter that a 71 limitation must be adhered to in order to save the solvency and security of the United States. Let's, before we kick these billions around, sir, most of us don't know the difference between 70 billions and 85 billions. Now, you're telling us tonight that our taxes, these very heavy taxes that have been levied, are likely to bring in about 71 billions during 1952. Is that correct, sir? That is the president's own estimate. Do you believe that we have reached the wise limit for peace time taxation? I haven't any doubt about it, but I don't ask you or our listeners to rely upon my opinion, Senator George, who's chairman of the Finance Committee in the Senate, a Democrat, and Mr. Dalton, who is chairman of Ways and Means and the House which imposes the taxes, and a great many others in the Congress have said we've reached the limit and they're not going to be. Now, you're saying that there is an agreement between both Republicans and Democrats that 71 billions is a tax limit now, that we can't go above that. Agreement isn't exactly the word. There's recognition that people won't pay anymore. Recognition, and the president wants to spend 85 billions or 14 billions more. And your resolution is designed to prevent that. To prevent? And how would your resolution prevent that, sir? It would impose by congressional action a limitation of 71 billion dollars upon spending. He would be forbidden to spend a dime more than the 71 billion. And if the resolution passes, he would be required to submit within 30 days a brand new budget dividing up the 71 million piece of pie. Now, is there a growing support for your resolution? What, what evidences of support have you found, sir? The most amazing evidence of support, quite frankly, indicating perhaps the beginning of a grassroots taxpayer's revolt back home. Only today, Senator Morse of Oregon, known as one of the great liberals on the Republican side demanded a 15 billion dollar reduction with 9 billion out of foreign aid and the military establishment. Senator Paul Douglas, also a Democrat from Illinois, one of the favorite liberals on the Democratic side himself said the other day that we ought to take at least 4 billion out of the military establishment and something like a million, billion and a half or two out of the foreign aid program. So there is a universal expression of desire to cut by a great many of these fellows in the House and Senate and no vehicle to make it effective unless something is done, as is suggested in my resolution. Mr. Kudair, suppose the Chinese Communist march into, into China this spring, where would that leave your plan? Do you mean by that, Colonel, that what do we do if there should be another great war scare and a serious threat of immediate third war operations? Yes, exactly. Well, I think the answer to that is very simply that Congress is always in session these days, unfortunately, for members and for the country sometimes, so that any legislation that we enact now or any budget that we adopt now on the assumption that we're in for a long pull at high level can be tossed overboard 24 hours by congressional action. We're always there. Would your budget plan prevent enactment of legislation or universal military training? I don't think it would affect them out of one way or the other. If the administration and the professional military honestly wanted a UMT and were honestly determined to develop a UMT as an alternative to the present intolerably large standing forces, there'd be enormous savings in it. But I don't, I'm not so sure they mean to use it that way. I'm going to wait and see. Congressman, for our listeners tonight, can you illustrate quickly just how these budget arguments in Congress affect the average American family? Let the average American family ask itself what its dollars were worth 10 years ago when they were worth 100 cents and what they're worth today in purchasing power at 53 cents. And when they answer that question, they'll know what excessive federal spending has done. The devil in inflation fundamentally is federal spending of more money than we take in in taxes. That is the source of inflation and that is what every American is paying for every morning on the cost of his breakfast, food and his dinner and his radio and his car and everything else. Are you saying that if your resolution can be passed and if the government is held to 71 billions spending this year that that will reduce the threat of inflation? I think it's the surest way to limit inflation and to re-establish something like a sound financial basis in the United States so that people can look forward with some measure to security and certainty in their day-to-day operations, all with barring of course the possibility of an all-out war which would upset all plans, obviously. Well, how close is your resolution to actually being realized? Well, at the moment it's resting in a heavily weighted new deal committee of the House. A great step forward was made last Monday or Tuesday when the Republican Policy Committee unanimously endorsed it with a very strong statement by Minority Leader Joe Martin of Massachusetts I think that means that having made it a party issue our people will press for it and enough Democrats have committed themselves to the general proposition of substantial reduction that I'm sure if it ever can be gotten to the floor it will be passed. Now, sir, there are some people I know that would like to help you. I'd like your prediction as to whether you can do something now and whether you can get this resolution passed and what can any average American who would like to help you, what can he do? Mr. Huey, despite any fears to the contrary we are still living in a free country. Americans are still masters of their fate if they choose to assert themselves. All we need is a real grassroots revolt. There is nothing more sensitive on earth than a member of Congress in an election year. All they've got to do is hear from the folks back home and believe me they'll get action. Now, I believe, sir, and to sum up for our audience I believe that you say that you are trying to force the government to spend only $71 billion and only what we will be realized from taxes that you think that you can accomplish that if there are enough American citizens who will write to their congressman and try to impose a system of economy on the present government. Thank you very much for being with us, sir. The editorial board for this edition of the Lawn Jean Chronoscope was Colonel Ansel Talbert and Mr. William Bradford Huey. Our distinguished guest was the Honorable Frederick R. Coudere Jr., United States representative from New York. Travelers to the Olympic Winter Games at Oslo from wherever they come will find a familiar touch of home in windows of fine jewelry stores. Lawn Jean, the world's most honored watch for the fame of Lawn Jean is worldwide. In the mountain high city of La Paz, Bolivia in South America or historic Athens in ancient Greece or the sacred city of Mecca in Saudi Arabia in any of the capitals of 77 countries of the free world the watch of first choice with discriminating men and women is Lawn Jean, the world's most honored watch. The only watch in history to win 10 World Fair grand prizes 28 gold medals and highest honors for accuracy from the leading government observatories. These are Lawn Jean watches. And if you pay $71.50 or more for a watch for yourself or as a gift you're paying the price of a Lawn Jean. Why not insist on getting a Lawn Jean? The world's most honored watch. Premier product of the Lawn Jean Wittner Watch Company since 1866, maker of watches of the highest character. Lawn Jean exclusive official watch for the Olympic Winter Games of 1952. This is Frank Knight again inviting you to join us every Monday, Wednesday and Friday evening at this same time for the Lawn Jean Chronoscope. A television journal of the important issues of the hour broadcast on behalf of Lawn Jean the world's most honored watch and Wittner distinguished companion to the world Lawn Jean sold and service from coast to coast by more than 4,000 leading jewelers who proudly display this emblem. Agency for Lawn Jean Wittner Watches. This is the CBS television network.