¶ Building Industry
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Index Entry
Building Industry:
"So-called private individual homes are only superficially individual, for the hydraulic wash-away of the Earth surrounding their foundations discloses the private houses to be only fancy terminal boxes mounted on the ends of pipes with the whole community functionally a unit mechanical organism.
"Not only has the progressive unsettlement of humanity completely upset all the historical expectancy, but as with the individual median family’s inability ever again to buy its homes, so, too, have we exhausted the possibility of any way in which the future possibility of its people and its businesses to pay for any further government’s underwriting of the obsolete building industry. When I became 21 years of age we had no US national debt whatever. We now have a debt of almost $700 billion dollars demanding an annual interest of $40 billion dollars.
“Starting with Nixon we had the first annual negative federal budget, admitting in advance that at the end of the year, the government would be in greater debt by $25, 50, or 70 billion dollars. These negative budgets have since persisted.”
