Salt Lake Telegram | 1934-12-15 | Page 1 | U. S. Public Debts Total 28 Billions

U UI U. S. S S PUBLIC DEBTS I TOTAL ToT AL 28 BILLIONS New Securities Swell Obligations Obligations Obligations Obliga Obliga- io to Record High WASHINGTON WASHINGTON Dec 15 UP The UP-The The total public d debt bt of the United States government nt reached an time all record record record rec rec- ord high of today with issuance of in new securities ties th that t were sold last w week ek At this level the public debt surpassed the wartime record debt of 8 b by almost 2000 The present debt it was estimated is cost costing coating ng the federal government nearly annually in interest interest inter inter- est eat charges The debt has increased ed about 7 in the last two years ears cars The increase has gone lar largely ell to help finance various recovery reco agencies and to provide relief for lor millions of per sons