PEACE WORTH THE BILLIONS
“It is predicted that the American people will make the final payment of the present war debt in the year 2245. The belief is that the end of the war will find us with a national debt of 300 billion dollars, and that this can be retired at the rate of a billion dollars a year. People groaning under taxes to-day who think they are paying for the war as they go arc sorely mistaken. Part of the cost will be paid by their great-great-great-great and so forth grandchildren to the tenth generation. “And yet the final effect of this arithmetical forecast is distinctly cheerful. If in 300 years we shall have paid off the war debt at the rate of a billion dollars a year it means that in the interval we shall have had. no new wars. For that sort of prospect a billion dollars a year is a bargain.”— (“New York Times” columnist.)
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Nelson Evening Mail, Volume 80, 5 January 1945, Page 3
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160PEACE WORTH THE BILLIONS Nelson Evening Mail, Volume 80, 5 January 1945, Page 3
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