FISCAL: The Figures Prove It

No mortal is permitted unfailingly to predict the future. With these words Franklin Roosevelt last week opened his 1937 budget message to Congress.* Continued the President: "It is, therefore, a cause for congratulation . . . that a consistent, broad national policy, adopted nearly three years ago by the Congress and the President, has thus far moved steadily, effectively and successfully toward its objective." With equal truth President Roosevelt might have said: No mortal is permitted unfailingly to remember the past. In his budget message to Congress just two years ago...

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