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Giving Americans Facts on Billion Dollar Debt Burden
An interview with Joseph W Martin explains the difficulty of visualizing a 65 billion dollar national debt. He translates it to individuals, noting a $193 share per person, $2,465 per five-member family, and annual interest of $127.5 per person or $637 per family. The piece argues for clear public understanding to preserve government philosophy and national wealth built by past industrial giants. It also discusses the role of universities in chemistry for farming and industry, the impact of taxes on national income, and warns that inefficient government harms business and living standards.
MENTIONED IN THIS ARTICLE
Joseph W Martin
Massachusetts
House of Representatives
National Republican
John Jacob Astor
Commodore Vanderbilt
Cyrus McCormick
John D. Rockefeller
James J. Hill
Marshal Field
P D Armour
Ameria
Lawrence Sullivan
Ford