Apr 30, 2009

Henry Morganthau on the New Deal spending binge

We have tried spending money. We are spending more than we have ever spent before and it does not work…..I say after eight years of this Administration we have just as much unemployment as when we started, and an enormous debt to boot!

~ FDR's Treasury secretary and close friend, Henry Morganthau, 1939

U.S. Capitol
1922-1925

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