TITLE

Should America Cancel Her Foreign War Debts? CON

AUTHOR(S)
Johnson, U. S. Senator
PUB. DATE
October 1931
SOURCE
Congressional Digest;Oct31, Vol. 10 Issue 10, p247
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The article reflects the views of a U.S. Senator in relation to the necessity of the U.S. canceling its foreign war debt against allied nations. He blames the international bankers for leading the United States to such a position where it had no option but to cancel the war debts of the European nations. He also says that because of the moratorium imposed on them by the international bankers U.S. has ended up losing two hundred and fifty million dollars. This has increased their Treasury deficit and consequently increased the burden on American taxpayers. He justifies his insistence by saying that the U.S. is not averse to helping the destitutes and the needy but she cannot ignore her own people which have been inflicted by unemployment, hard labor and additionally the burden of taxes reducing all their comfort and financial ease.
ACCESSION #
12128898

 

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