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Savings bonds urged to curb inflation and debt
Assistant Secretary of the Treasury Davis urged reducing spending and boosting savings bond sales to address inflation and the national debt. He cited a projected $18 billion deficit next year and argued bonds help finance the debt without inflating prices while supporting the Vietnam commitment. A Cedar Rapids luncheon introduced by Edward Moldt highlighted bonds as citizen investment and patriotic duty. A Burma Burma trade note follows about Indonesia rice purchases.
MENTIONED IN THIS ARTICLE
Treasury
Dol Davis
Midwest
Erner
St. Joseph
Vietnam
Iea
Johnson
Davis
Glenn In- Tan
Alii
Savinger
U.S
Bureaus of Engraving and Customs
Coast Guard
Edward M. Moldt
Washington Avenue
Cedar Rapids
Bela Between