The people's voice. [volume] (Helena, Mont.) 1939-1969, 1940-11-20
FROM EDITORIAL COLUMNS


Little Folks To Pay the Bill
impossible separate problems prob
lems
most important the week is by
the United States Treasury that will raising the
debt limit from as billion so IS billion dollars
This announcement has deep meaning for every every
day working and woman This meaning will not be
explained to the people by the big daie the radio
mentators, by government officials.
Back 193567 when the national debt reaching and
passing million dollar there hystercal
from the public figures that speak Wall Street that emo
racy in danger due to this mounting Indebtedness We
remember particularly article by William Hard published
the lead story in that bues of the buebooded publications.
Harper Magazine and widely reprinted in other publications.
entitled Is Debt Stranglng Democracy" In this Mr. Hard
pretended that mounting national debt the basic
of the advent of nazsm in Germany and fascsm Italy
Mr. William Hard the chief radio spokesman for the AL
fred NJ LandonCo Frank Knox presidential ticket in 1886
The weeds OF national debt basic OF the rise
of dictatorship but Mr. Hard did not show of the real
reasons The Wall Street oucry against government
spending for relief public work and farm programs In that
spending Wall Street has get profits
indirectly There cutlery from the fnancers when
the debt passing as billion dollars and proposed to be
raised to 60 IS billions and limited to to 100 billion
dollars The difference that expenditures for which
this is earmarked the larger part of the is
yphoned decty of the treasury Wall Street bank
balances Wall Street likes its profits to direct and with
out line loss in transmission.
But another thing this indicates is that
Wall Street has decreed the people shall fight this
and also that the people shall pay for it,
The only way pay for the goes along to get
the of profits of the largest
nheritances The other pay for the credit
The debt be stretched forty fifty and in
that time the cost plus interest be gradually squeezed out
of the hides of the people, The proteers will have bill
lions of dollars of profits to loan and bonds will
make good safe investment.
Wall Street has decided raising the debt limit
the best for the and this from
the Treasury Department indicates the administration agrees
with it.
The most meaningfu threat from this is
that of Since there danger of invasion it
gain and hold markets and colonies for the Brit
ish-American big business partnership 1t
set to give boys and toll and to join
in scheme to hold millions of colonial and semcolonial
people about the world in slavery The makes
both them and time goes by.
War is profitable business Some greatest indus
tries like United States Steel Motors
its ranging from 10 to rs times they last
Then too they think of the rubber and coffee plan
atons they will have after it is and the t on "copper"
chemical and other industries throughout the world And
they will get all of for nothing the people doing the fighting
and paying the cost plus good profit and interest the
money Wall Street has good for wanting the
continue and wanting us to get into it. They doing nicely
bu if the American boys do fighting the American
people do paying Wall Street will be denied
plumber.
Since Wall Street thinks of nothing but profits and
since it it is foolish think do anything
but drive straight for its wishes before the cleo
tons, its wish for CONSUMPTION; for the appointment
key government positions; for removal of linn
its to profts for forgetting about legislation
lief and Improvement of labor and farm conditions
Now after the election gets this important wish
realized of paying for the credit long time
which removes the danger of actual profits
big incomes and nheritances
thousand times more clearly and definitely than
people, the prophets of war; sit deep in the saddle
in Washington The people their own interests
with EXTREMIST care The lives of young nation
al security and our democracy in the greatest danger