Show Government Government debt grows vs r The Tiro combined net bonded indebted indebted- indebtedness indebtedness d- d ness of our state sand and loc local 11 goverT- goverT ments at the end of 1928 1925 totaled according to the tho Tax Digest est Los Loa An Angeles eles and increase of oC since i 1924 The per c capita bon bonded bond d indebtedness of state and local ocal governments m- m increased in increased creased d from 33 Jl m in 1913 1013 to 1 M 81 U in 1928 There has been n too little of 1 bond issues Experiments E in m busi busi- business business ness extravagance unnecessary Im- Im improvements im emente and the like have e burden burden- burdened burdened burdened ed many Am American communities ben ben- catha cath a weight of af taxes that is dis- dis discouraging dis discouraging to pros prospective industries and home builders The only anly cure ts is s for com communities mum tIes tIesto to pay as they go as far as possible issue bonds only for necessary im- im improvements im improvements pro ments and insist on efficient op- op operation op operation of government go |