Word: reservoir
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Against this, the New Dealers argued that defense is causing industrial expansion by private capital as well as by the Government, is piling up more & more national income and, therefore, a bigger & bigger reservoir of savings to finance the expansion. Furthermore, said the New Dealers, taxes always cut consumption. Why tax, then, until consumption has increased to the point of full production, full employment (which they estimated at around 170-180 on the FRB index)? They rejected the "fetish" of a balanced budget, preferring a balanced economy instead. But when full employment is reached, and a choice between guns...
...essential purpose of the whole C.A.A. effort is to tell 10,000 men in the country whether or not they have an aptitude for flying and to provide a reservoir from which to draw in case of national emergency. However, since no arrangements for training have yet been announced, exactly what will happen to graduates of the C.A.A. is uncertain...
...point of taking; the rejection of the Third Term that Jefferson had elevated into a principle of government he was now prepared to challenge. His task was to answer the historic objections to the Third Term-the tenet of democracy which holds that the great reservoir of democratically trained citizens can always yield new leaders; that one danger of democracy is that an ambitious Executive may use the power of his office to keep himself in power. As he sat in the silent White House room, his words carrying to a silent meeting of the Democratic Convention in Chicago...
...whopping big block of raw material for Congress to work on. Its provisions: 1) to register some 40,000,000 males in the U. S. from 18 to 65; 2) those between 21 and 45, selected as needed, to be given eight months' training and kept as a reservoir from which to fill the ranks of a gigantic Army; 3) saved for home defense would be youths from 18 to 21, oldsters from 45 to 65. A similar bill was introduced in the House by New York's Representative James W. Wadsworth. Chairman May of the House Military...
...little is known of the reservoir of management ability which can be tapped in this country in the event of a national emergency. Modern war is no longer a struggle between men, but between men and machines backed by an industrial organization capable of supplying both military and civilian needs. Fortunately we have great industrial organizations to rely on; but if in any emergency their activities are to be coordinated effectively, the government will require men who are trained and skilled in the job. Here, as I see it, the School should be ready to help...