Senator George McGovern Reports Newsletter March 1967 Original TK1-P7

This came from a large grouping of documents from Yankton College in South Dakota from the 1960s. See pics for condition.

Senator George McGovern Reports Newsletter March 1967 Original TK1-P7

Because I believe that we ought to be working for debt reduction now rather
nan passing ll
on to the
next generation, I voted against the Administration's
recent request for an additional S6 billion increase in the debt limit.
The
debt now stands at well over $330 billion, with the limit raised $43 billion in
the last six years.
Annual interest pavments alone on this obligation now
cost the taxpayers more than $l4 billion each year.
This is the
second
largest cost item in the budget.
exceeded
onlv bv the militarv program.
The
time has come to stop increasing the debt limIt.