Monday, July 13, 2009

Spending Doesn't Work

After almost 7 years of FDR, FDR's Treasury secretary, Henry Morgenthau, said the following regarding New Deal spending:
"We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong ... somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises ... I say after eight years of this Administration we have just as much unemployment as when we started ... And an enormous debt to boot!"

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