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...Treasury Henry Morgenthau Jr. dazed the House Ways & Means Committee by recommending that non-defense expenditures be cut; that $1,000,000,000 could be saved by cutting down farm, NYA and CCC appropriations. Stunned by the sound of a New Dealer recommending economy, Congressmen feebly toyed with this brandnew idea...

Author: /time Magazine | Title: THE CONGRESS: The Lost Art of Economy | 6/2/1941 | See Source »

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