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Month ago Secretary of the 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 »

...struggle was on. Mr. Morgenthau had further the bad taste to recommend definitely and pointedly something the President had always delicately skirted-the actual slashing of numerous non-defense expenditures. Mr. Morgenthau pointed a finger directly at the cost of CCC and NYA, mentioning incidentally that both projects seek youths of 21 who are possible recruits for Army enlistment; also at public works, relief, the farm-parity payments in the bill now in conference between the chambers, to which the Senate has added $450,000,000. This week the White House passed word to House leaders to reject the Senate...

Author: /time Magazine | Title: FISCAL: The Hard Way | 5/5/1941 | See Source »

...Commended CCC, in a message on its eighth anniversary, as "builder of the kind of men this nation needs...

Author: /time Magazine | Title: National Affairs: The President's Week, Apr. 28, 1941 | 4/28/1941 | See Source »

...Davies' fur-lined overcoat). It watched with unexcited approval as General Marshall on his bay horse, King Story, went by with six aides and a cavalry troop, West Point cadets and Annapolis midshipmen. Brand new grey-green Fords rolled by interminably, carrying Governors and dignitaries. There were CCC boys in green uniforms, NYA girls in blue and white dresses, a Negro WPA company, whose straggling ranks and struggling salutes to the President gave watchers their only laugh in the grim military parade...

Author: /time Magazine | Title: THE PRESIDENCY: Third Term Begins | 1/27/1941 | See Source »

Total non-defense costs: $7,078,000,000 this fiscal year, $6,674,000,000 next. The cost of Social Security, National Youth Administration, debt interest to be increased; public works, relief, CCC, farm aid, to be decreased. Relief was slated to decrease only about $400,000,000 each year from its present...

Author: /time Magazine | Title: FISCAL: Up the Roller Coaster | 1/20/1941 | See Source »

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