Word: fca
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...finally debunked by reflection on the probable state of Kansas' finances if the Federal budget had been balanced since 1933, thus depriving dust, drought and Depression-stricken Kansas of the $400,000,000 of Federal money which has poured in from such sources as RFC, HOLC and FCA loans, AAA checks and Relief...
...plans clear to every John Citizen in the U. S. (see p. 12). ¶The President's two other messages of the week to Congress asked: 1) authorization of $2,000,000,000 worth of Farm Credit Administration bonds, principal as well as interest Government-guaranteed, for FCA to exchange for farm mortgages; 2) ratification of the St. Lawrence Treaty with Canada (see p. 15). ¶First measure to reach the President's desk from this session of Congress was the liquor tax bill. He signed it with a nourish, was gratified when the Treasury reported that...
...spending. In spite of the fact that he had told Congress that Federal Refinancing of farm and home mortgages had met with "good success," there was evidence of hesitation by some mortgage holders to accept Farm Credit Administration and Home Owners' Loan Corporation bonds for their mortgages. Through FCA and HOLC the Government only guarantees the 4% interest on the bonds. The President planned to ask Congress to carry out a "moral obligation," guarantee the principal of the bonds as well, authorize up to $2,000,000,000 worth of such securities for each agency...
...When Mr. Morgenthau's clerks added them up and subtracted the small surplus, President Roosevelt was informed that his deficit was precisely $1,024,121,667 of which the chief items were: RFC $532,000,000; PWA $204,000,000; CCC $146,810,000; CWA $53,842,000; FCA...
...Half way between a lemon and an orange is a grapefruit; half way between a public work and a relief work is a civil work. Up to now the Federal establishments, only recently scheduled for consolidation, have been increased to include an AAA, an FCA, a PWA, an FERA an NRA, a CCC, a TVA, an HOLC, an RFC*-and now we have a CWA. It looks as though one of the absent-minded professors had played anagrams with the alphabet soup. The soup got cold while he was unconsciously inventing a new game for the nation, a game which...