Monday, July 18, 2011

Herbert Hoover Speaks in 1932

link here to article

This is a link to a 1932 statement by Herbert Hoover on why he opposes a bill in the House, supported by the Democratic Party to award veterans a lump sum prepayment of benefits due to them. His reasoning is very similar to what one hears from the GOP today. Managing the deficit takes precedence over other things and this bill might even destroy the value of the dollar via inflation.

No comments:

Post a Comment