THE CONGRESS: Generosity v. Generosity

Last week the U. S. Treasury reported a cash balance of $5,004,000,000. That was an alltime record, almost double the high of $2,515,000,000 that the Treasury had in 1917 after floating the First Liberty Loan. More than half the Treasury's five billions was due to devaluation of the dollar and the rest came not from government income but government borrowing. Nonetheless, Congressmen looked at the five billion figure and felt that their government was rich indeed. Was not President Roosevelt spending this Treasury horde at the rate of $46,000,000 per day on...

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