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Debated costs of Townsend pension and soldiers bonus
A North American editorial discusses congressional action on the Townsend $200-a-month old age pension plan and a soldiers' bonus. It estimates potential $1.8 billion immediate payment drain, national debt impact, and interest burdens, noting political stakes for Roosevelt and party strategies. It criticizes Republican leadership and forecasts mobilization in coming reorganizations.
MENTIONED IN THIS ARTICLE
Washington
Congress
Roosevelt
Veterans Bureau
United States Treasury
Treasury
United States
Townsend Plan
Harding
Coolidge
Hoover
General Treasury
Republican National Committee
East
Middle West
Pacific Coast
Farley