Newspaper Page Text
Thursday, March 10, 1960
GI Loans End
Soon For Vets
Os World War II
ATLANTA, GA. — Veterans
of WW II are reminded by
Pete Wheeler, Director of the
State Department of Veterans
Service, that only about five
months remain to apply for a
GI Home, or Business Loan un
less the present law, which
expires July 25, 1960, is ex
tended by Congress.
However, veterans who sub
mit their applications on or be
fore July 25, 1960 will be al
lowed an additional year or
until July 25, 1961, in which
to have the loan processed and
actually closed.
Under this loan program,
qualified veterans have the op
portunity to obtain VA guaran
teed or insured loans to (1)
purchase, build or improve a
home: and (2) buy or expand
a business venture.
These dates do not apply
CONGRATULATIONS!
a ESH
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/ A (Sr \ \
We re proud of you — and proud of your parents who
have encouraged your 4-H Club work. To all "4-H fami
lies in the community , , , our sincere congratulations.
Friend oi 4-H
Economy Market
CORNER BROWN STREET
COVINGTON, GEORGIA
CONGRATULATIONS
4-H CLUB MEMBERS
OF NEWTON COUNTY
"learn, live, serve, through 4 H"
NATIONAL
CLUB WEEK
vwr aEAk.
«!hII Er
Working
"TO MAKE THE BEST BETTER"
Consolidated 5 -10 -25 c Store
"ON THE SQUARE"
(Largest Coverage Any Weekly In The State)
to Korean Conflict veterans
who have until January 31,
1965, to make loan applica
tions, and that WW II veterans
who also served during the
Korea Conflict are considered
Korean veterans for the pur
pose of GI loans.
Wheeler also pointed out
that veterans in rural areas
and in small cities and towns
where guaranteed loans are not
generally available are eligible
for VA direct home loans.
The direct loan program for
both War II and Korea Con
flict veterans is due to expire
on July 25, 1960.
Veterans are urged to sub
mit application now, so they
might be processed as soon as
the money becomes available.
The State of Georgia had a
“G. I. Bill’ long before such a
plan was initiated by the fed
eral government. Over SIOO,-
000 was spent by the State to
help returning Georgia Civil
War Veterans attend Emory
University.
Needy Aged
Decline But
Costs Rise
, Predictions made when the Soc
ial Security Act passed in 1935.
that amounts paid by government
for money assistance to the needy
aged eventually would drop, have
not panned out exactly as planned.
The number of “OAA.” or old
' age assistance recipients, has
I dropped says Tax Foundation,
Inc., by nearly 400,000 since the
1950 peak, or from 2.8 to 2.4
million.
But annual assistance payments
by government will have increas- j
ed $450 million from fiscal 1950 to
fiscal 1960. Os this increase, the
' Federal share was $319 million
and the state and local share was '
sl3l million, the research organi.
zation estimates,
OAA payments are now running
at better than sl3/ 4 billion a year,
or at the rate of sll per Ameri
| can. The number of persons aged '
65 or over will have more than
] doubled from 1930 to 1960, or from
; 6.7 million to 15.8 million. It is
! estimated the number of persons •
65 or over will rise to 21.9 million
jin 1975.
The Federal share of the cost
lof public assistance has risen be-
I cause the monthly grants have in
| creased and the Federal Govern
' ment also has upped its share of
the grants. Inflation, and the in
i troduction of new assistance pro
| grams, not thought of back in 1935
I have also helped increase the
' cost.
With the Federal share of public
I assistance costs now about 6.5 per
. cent of the Federal nondefense
| budget, there are some who urge
i caution about embarking on any
, new or costly welfare schemes
I financed by government money.
A taxpayer spokesman, Carlton
W. Tillinghast, Executive Direc
tor, New Jersey Taxpayers Assoc
ciation, Inc., put it this way:
“The time has come when we|
i must relate the demand for serv- i
I ices to our ability and willingness
to pay for them...we must ask
ourselves not only whether a ser-'
I vice is needed, but whether it is j
necessary that government per-1
form it.”
He deems it vital that a “sense
of personal responsibility” be re
stored to help in weighing and
examining the implications of any
welfare plan.
He suggests in this connection
I consideration of these principles:
1(1) an individual must be requir
i ed to meet his own responsibili-
I ties when he has the capacity to
Ido so; (2) the immediate family |
of a welfare recipient must!
share this responsibility; (3) when
‘ payments are made on behalf of
an individual, there should be an
implied contract to repay to the
I extent of the recipient’s ability
i when his restored economic con
id ition permits; and (4) there
should be constant effort to direct:
government responsibility for
I individual welfare toward tn e
j lower levels of government rather I
than toward centralizing it at the
i upper levels.
The Lamar School of Law at
Emory University was named |
. for L. Q. C. Lamar, an early
I Emory graduate who became I
I a U. S. Supreme Court Justice.
THE COVINGTON NEWS
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PAGE TWENTY-SEVEN