Word: moley
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Dates: during 1930-1939
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...measures." How Cordell Hull can shape these vague suggestions into a concrete program is a great question mark, but they exactly suit his temperament. No New Dealer, yet loyal to the New Deal, he held his peace during all the New Deal experiments, even bided his time while Raymond Moley and George Peek had their hour...
...Moley Audit...
...which will be repaid. However, as these loans are repaid, the Government is not using the money to pay off the debt. It is in fact treating the repay ments as income and spending them. "If the subtraction of recoverable assets from the gross debt is valid," wrote Editor Moley, "then the Treasury's handling of these receipts is, to use a charitable word, unsound. . . . Democratic orators should refrain from leading their listeners to believe that $8,000,000,000 is the total in crease in the national debt...
...Editor Moley: "No corporate income-tax payer could long keep out of trouble with the Treasury if he persisted in using similar methods...
...Part of the recoverable assets were RFC loans made by the Hoover Administration. Now as they are repaid, they are being spent as income. Editor Moley: "Thus the Roosevelt budget comes to be balanced out of Hoover deficits. This is a break for the New Deal, to say the least...