Show SETS EBI THINKING one good thing may come out of all this ballyhoo about roosevelt saddling the country with so much debt that our children and grandchildren will be overwhelmed by it the charge of debt saddling is beginning to make part of the community do some independent thinking they find the actual debt situation of the american people is less I 1 now than it was in 1929 and it that hat was the peak year of the boom when we bought everything we wanted and went into debt for it government debts are not the only debts to take notice of the whole structure of the debts and assets of the american people is the important thing to study joseph kennedy wealthy new yorker has written a pamphlet on the subject showing that the actual debt burden is less now than it was seven years ago mother another deep student of affairs E K lindley of the pro landon new york herald tribune arrives at a similar conclusion treasury statements show that when roosevelt had permitted the national debt which he assumed on inauguration to run up to 33 billion dollars round figures he had also piled up eight billion seven hundred million in assets which were not there before subtract that and you have about 25 billion dollars debt which is under seven billion dollars more than the national i debt at the time hoover left office of this 1 61 is the cost of payments on the bonus eri enacted acted by congress so all in all the net burden piled up by roosevelt for the poor dear children and grandchildren to suffer under is about five billion dollars which mr lindley points out is approximately what we borrowed in five months of the great war and got nothing in return for it for the roosevelt debt we have an dinv inv investment est in public works at least 0 western News newspaper union |