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With Medicare for oldsters, college loans and classrooms for youngsters and a bag of subsidies for everyone from migratory workers to mass-transit riders, President Johnson's welfare programs will have marked effects on American society. Less discussed but equally significant will be their effect on the U.S. economy. At a time when the economy is doing very well but may need new stimuli in the crucial months ahead, Johnson's flurry of social legislation is bound to have a special economic impact. Part of the Great Society is something that could be called Economicare. More than the Old. The first mean...
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