Private v. Government Investment.

Focuses on the failure of private investment in the U.S. and the substitution of government investment in place of private investment. Suggestion that government investment must be financed by government borrowing; Opinion that there is no escape from government expenditure to provide the supplemental purchasing power needed by the economic society; Reference to the book "An Economic Program for American Democracy," which states that the expansion of the economic system is always attended by a rising tide of debt; Discussion on the distinction between borrowing to carry on government investment and borrowing to cover government expenditures.