BORROWING FOR POSTERITY
'Why should we worry about posterity; what has posterity done for us?"
This is sometimes said to be the attitude of mind of those people who advocate the adoption of a policy of unlimited borrowing for works of a public nature. .An opponent of such a. policy is Mr. F. J; JRollestou (Timaru), and ho gave his views on the point in the House of Representatives yesterday. Mr. Rollestou said that the country would have to consider seriously its position in regard to borrowing 'if its credit was to be kept sound. He suggested that public works could be paid for out of revenue, and that other works, if not urgent, could be held over This would enable a saving to be made m respect to borrowing. There was quite enough to do in meeting the requirements of to-day without having to meet the burden incurred by previous borrowing. If money was going to be borrowed continuously and left to posterity to pay off, what would be the position of future generations who would have to meet the debts Which we accumulated for them and pay for debts also which had accrued before our time?
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Bibliographic details
Evening Post, Volume CVIII, Issue 27, 31 July 1924, Page 7
Word Count
198BORROWING FOR POSTERITY Evening Post, Volume CVIII, Issue 27, 31 July 1924, Page 7
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