When President Roosevelt signed his Economy Bill last March and decreed drastic reductions in the pension rolls, he was one long lap ahead of the veterans' lobby. By last week the veterans' lobby had not only caught up with him but was rapidly undoing his Budget savings. At its prodding the Senate had openly revolted against the President and Speaker Rainey was predicting that the House could no longer be held in line.
Under the Economy Act, President Roosevelt set up a new military pension system, effective July 1, which was to cut...
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