Symington Deplores Inflation 'Scare' Talk
COLUMBUS, Ohio. June U fUPI)ÛÓSen. Stuart Symington (D-Mo.1; "charged today that Administration efforts to ÛÏfrighten the people with non existent inflation" are de pressing the bond market.</br></br>The Senator said that ÛÏday ! after day the President is using his high office as a platform from which to issue statements which frighten the American people about inflation.Û</br></br>In a speech at a Democratic dinner he added: ÛÏThe net re-Isult of these scare talks is apprehension in the minds of many of our citizens about the soundness of our Government and of our economy.</br></br>ÛÏTherefore, Govern ment bonds are further depressed, and as a result the high cost of financing the Government debt grows even higher.Û</br></br>Symington said he favors increasing the Federal debt limit ÛÏfor one year only, to give a period for the Administration to try to get its financial house in order."