FISCAL: First Facts

The New Deal has made many promises. Until last week three important questions— What will it cost? How will it be paid for? What will be the profit? —have been answered only by more or less careful estimates, more or less outrageous guesses. Last week the U. S. got its first noteworthy answers in hard facts. As yet the answers were like the returns at 8 p.m. on the night of a national election, incomplete and inconclusive. But they were facts, not guesses.

Outlay— First complete guess at the cost of...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!