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Pay As We Go Basis Urged For Wartime Debts
Cleveland columnist Russell Weisman urged a pay as you go debt plan at Canton Academy of Medicine, proposing taxes may take 40 percent of national income or a partial 20 percent plus purchase of government securities. He warned inflation dangers, compared U S debt resilience to Britain after WWI, and urged thrift through investment in public securities to sustain monetary soundness.
MENTIONED IN THIS ARTICLE
America
Russell Weisman
Cleveland
Canton Academy of Medicine
Onesto Hotel
Weisman
United States