Should America Cancel Her Foreign War Debts? CON

Johnson, U. S. Senator
October 1931
Congressional Digest;Oct31, Vol. 10 Issue 10, p247
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.


Related Articles

  • House Panel Approves Two-Year Extension on Internet Tax Ban. Vadum, Matthew // Bond Buyer;10/11/2001, Vol. 338 Issue 31241, p4 

    Reports the approval for the extension of federal moratorium on Internet access taxes and Internet-specific taxes by the House Judiciary Committee in the United States. Terms and conditions of the amendment; Irrelevance of the dispute over Internet Access taxes; Forecast on the revenues of...

  • Lawmakers again try to make Internet tax moratorium permanent. Weaver, Heather Forsgren // RCR Wireless News;4/7/2003, Vol. 22 Issue 14, p12 

    Reports on the attempt of lawmakers to pass a permanent Internet tax moratorium in the U.S. Background on the moratorium; Implications of the Internet tax for wireless carriers; Obstacles of the permanent moratorium.

  • The London Conference. Glasgow, George // New Republic;9/13/22, Vol. 32 Issue 406, p65 

    Reports on the post war Allied Conference in London. Prospect of the conference to deal with the problem of reparations and inter-Allied debt; Discussion of the question of granting moratorium to Germany; Reference to Cannes Conference in which Germany was given a provisional scheme of reduced...

  • Lack of Internet Tax Could Bust Booming California Cities. Figler, Andrea // Bond Buyer;03/24/2000, Vol. 331 Issue 30856, p30 

    Discusses the impact of the federal moratorium on Internet sales tax on California's municipalities. Terms of the moratorium; Percentage of municipal income generated from sales tax; Lack of ways in which California's cities can raise taxes; Lobby efforts against the Internet sales tax...

  • Use tax at center of Net tax debate. Gibson, Stan // eWeek;9/3/2001, Vol. 18 Issue 34, p12 

    Focuses on the issue on the probable extension of the current 'moratorium on multiple and discriminatory taxes' on Internet commerce in the United States. Simplification of the local taxes; Implication of simplifying the tax code; Support given by the Bush Administration on the extension of the...

  • Senators Suggest 2-Year Extension of Internet Tax Ban. Vadum, Matthew // Bond Buyer;11/7/2003, Vol. 346 Issue 31757, p9 

    Reports on the proposal of four senators for a two-year extension of the controversial moratorium on Internet access taxes and Internet-specific taxes in the U.S. Purpose to narrow the definition of Internet access to minimize future state and local tax losses; Efforts to make the ban...

  • NEWS BREAKS: RUSSIA.  // Aviation Week & Space Technology;11/17/2008, Vol. 169 Issue 19, p22 

    The article reports on the decision of the Russian government to exempt Western-built aircraft with capacities of more than 300 seats from import taxes. The same document confirms the existing 20% import tax for other types of airliners. Russian operators hope the government will grant a...

  • With Turkey on Their Minds, Lawmakers Leave Internet Taxation Bill in Air. Vadum, Matthew // Bond Buyer;11/20/2003, Vol. 346 Issue 31766, p5 

    Reports on the neglect of the Internet access tax moratorium by lawmakers in the U.S. Focus of the lawmakers to complete pending legislative business; Features of the Internet Tax Freedom Act; Lapse of the moratorium on November 1, 2003.

  • America's War Debt Policy.  // Congressional Digest;Oct31, Vol. 10 Issue 10, p227 

    The article discusses the war debt policy of the United States as of October 1931. President Herbert Clark Hoover proposed a one year moratorium on Germany's reparation payments to the Allied Governments. It was thought that granting of a year's holiday would either revise or cancel the debts on...


Read the Article

Other Topics