Business: THE HOUSING PROGRAM.

Will Congress Gut It?

FEW Government ventures have done more for the U.S. family and the U.S. economy than the federal housing program. By guaranteeing mortgages and keeping interest rates low, it has helped build 4,450,000 housing units and kindled the great growth of the housing industry. Last year this industry accounted for 7% of the gross national product, directly provided jobs for 2,200,000 carpenters, painters, plumbers and other well-paid workers. Indirectly, it provided work for many more, since new houses swell the demand for washing machines, TV sets, carpets, sofas, etc.

Against...

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