Show OUR MOUNTING PUBLIC DEBT statisticians and economists inform us that our public debt has increased during the past year more than 4 per apita aaita and the alarmiste alarmists alar mists see inthis in this a sure indication that he government is headed for bankruptcy perhaps we are supposed to shed bitter tears over this denouement but we lust cant seem to take it this seriously if the figures are true as reported then each man woman and child chil chaildin din i n thia the united states owes an additional 4 ora little more to the money lenders and coupon clippers that seems awful tough and we imagine that some of those sucking babes and toddling tots of ours will have a hard time digging up the money to pay especially when we are told I 1 hat the public debt n now alv represents a total per capita load y if approximately dollars the reason that we somehow dont seem to get greatly exercised about the matter is that the money bund has had all the money of the country in their possession for several years fears now and it is because the individuals have been to get hold of any of it that the government has been 1 compelled to assume the position of shock absorber between he ae american citizenry and the international bankers into whose hands the birthright of the american people has been sold well the average citizen is i s in almost as helpless a condition as the infants we have just referred to he any money and has a darned poor chance of getting any to pay government debts with if the public debt is ever to be paid it must be by those who have the money to pay with it at cannot be collected from those who have none so this debt falls principally upon the people who awn wn and control the money and these are the same chaps that the money has been borrowed from and is owing to so why should you and I 1 worry and get a headache let these super speculators do the worrying they will find that it is a vicious circle and that they are the victims of their own avarice that in reality they are in the position of the dog that has hold of its own tail and is pursuing itself capitalism eventually destroys itself all that it needs is enough rope to fashion the hang mans knot what does it matter to mr average citizen whether big banker big business owes himself twenty billions forty billions or sixty billions we have not been getting more than a very bare existence for a good while now and if they try to make us put up with less they will blow the top off and they will lose the advantage they now hold they dare lot try to collect what is owing them they dare not even refuse defuse to keep on lending their ill gotten money in order to preserve peace and the status quo they have gone the limit and inflicted all the misery on the human race that they an so long as they keep on loaning their meaningless idle noney money and imaginary bank credit to the government to seep keep the people employed and at least partially fed clothed 4 md ind housed they hold the upper hand and have the majority the people leoned to them but the minute they refuse to make these things possible they will either precipitate a evolution or the government will start issuing the money direct in the form of interest free greenbacks green backs instead of in terest erest bearing bonds and nd that is the greatest nightmare the money bund has no folks the mounting government debt is a natural symptom of the disintegrating capitalistic system it is no more serious serious I 1 than a dozen other symptoms we could point out to you and there is nothing we can do about it president roosevelt made an earnest and determined effort to ut sut down expenditures and balance the budget during the atter latter part of 1937 and the beginning of the present year but he found it was no use that it could not be done and preserve the peace of this country the international bank 3 rs irs and the big industrialists saw the situation too and eased harping on the balancing of the budget to quite an extent x tent of course the mounting public debt will be used or campaign thunder but it does not mean a thing and there is nothing that can be done about it by either party |