Word: pensioners
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Dates: during 1930-1939
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Thus was the American Legion founded. In 1920 the Legion first proved the potency of its devotion to "mutual helpfulness" when it got the pensions of disabled veterans upped from $30 to $100 a month. A second proof came in 1924 when it induced Congress to vote a bonus payable in 20 years to some 3,500,000 veterans. In 1931 the Legion was back at the Capitol, demanding and getting, under threat of political reprisals, legislation whereby veterans could borrow 50% of the face value of their bonus certificates. And in 1934 it secured the restoration of a large...
...gaunt, kindly old man uprose before a small group of people, including 20-odd Congressmen, and began to talk softly but zealously. "The Depression," said he, "was caused by only one thing - failure of the country's purchasing power. The solution is simple. Give all the aged a pension and the task of spending it every month, before they could receive more. Purchasing power will be restored. Business will boom. Prices will go up, of course. But what's the difference? Everyone will have plenty of money. There will be no more poverty. Everyone will be working...
Plan. Dr. Townsend proposes to pay every U. S. citizen over 60 (except habitual criminals) a pension of $200 per month, on condition that he or she retire from all gainful work, promise to spend the whole $200 within the month in the U. S. The money - about $20,000,000,000 per year - is to be raised by a Federal tax, how large or on what Dr. Townsend seems undecided. At first he proposed a 10% retail sales tax. As late as last week he was talking of a 2% tax on all financial transactions. But when...
...uniformly wise and sweet and kind, and also pathetic. There is a conspiracy to write off all the laziness, incompetence, wastefulness and all-around uselessness of which they may have been guilty . . . while they were putting in their time. The Townsend Plan makes no discrimination. It would pension, at the rate of $200 a month, a vast number of itchy old loafers who never were willing to pack their own weight and earn their room on earth at any time in their lives. . . . For a President to admit, however, that such a thought had crossed his mind would...
Richman Vincent Astor provided the yacht which carried the Man of the Year to sea, fishing for bonefish and barracuda off the Bahama Keys while Congress was overriding his veto of veterans' pension increases...