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Coolidge Urges Economy as Basis of Prosperity
President Coolidge, addressing the last major business meeting of his administration, urged strict economy in government to sustain national prosperity. He warned against drains on the federal treasury and noted rising costs for state and local governments, stressing that a small prosperity deficit could arise from a nation’s income drop. He cited state and local costs rising from 4.9 to 7.93 billion dollars between 1922 and 1927 and urged resisting unnecessary national commitments. Brig. Gen. H. M. Lord urged continued strict economy to avoid a year-end deficit and proposed using a federal casualty club to balance the budget. Gen Hans Vonplessen dies in Potsdam after grippe.
MENTIONED IN THIS ARTICLE
Goolidge
Congress
H. M. Lord
Federal Casualty Club