HEROES: Economy's End

March 1933—Heroic and invincible, planted foursquare on his platform and campaign pledge to cut the Federal Budget by 25%, President Roosevelt swept through a dazzled Congress the Economy Act of 1933, enabling him to lop an estimated $500,000,000 per year off Government expenditures. Most of this saving was obtained by separating veterans who had not been disabled in actual service from the pension rolls, by cutting all Federal salaries 15%,.

June 1933—The President quietly restored $50,000,000 worth of veterans' pensions, Congress $46,000,000 more.

January 1934—''Correcting inequalities," the President increased pensions for...

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