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Debating New Debt and the New Deal’s Economic Plan
The piece argues the housing bill would raise debt for households and questions the soundness of expanding debt after four years of federal lending. It notes Treasury loans totaling about seven billion dollars and warns that if planning fails, millions may become debt ridden. It also examines foreign debt settlements and the likelihood of token repayments, predicting political fallout and a coming Senate inquiry into war materials manufacturing.
MENTIONED IN THIS ARTICLE
Washington
Congress
Times
House
Luce
Massachusetts
Busby
Mississippi
Hollister
Ohio
Goldsborough
Maryland
New England
New
Uncle Sam
Roosevelt
United States
Germany
France
Senate
Rye
North Dakota
Western Newspaper Union