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Reckless spending in Congress risks national bankruptcy
The article laments federal outlays from July 1949 to August 1949, noting the national debt rose by 1.5 billion to exceed 254 billion. It blames both parties and the President for wasteful programs, urging economy and fewer bureaucrats led by a few like Senator Byrd. It cites Virginia elections backing economic restraint and warns of inflation and fiscal collapse. It also cites military chiefs claiming advantage in air power and atomic capabilities.
MENTIONED IN THIS ARTICLE
Congress
Washington
Humphrey
Minnesota