Opis: Economic Security Act, Vol. 1 (Classic Reprint) - Finance United States; Congress; Senate

Excerpt from Economic Security Act, Vol. 1

The committee met, pursuant to call, at 10 a. m., in the Finance Committee room, Senate Office Building, Senator Pat Harrison, chairman, presiding.

Present: Senators Harrison (chairman), King, Walsh, Barkley, Connally, Gore Costigan, Bailey, Clark, Byrd, Lonergan, Black-Gerry, Guffey, Couzens, Keyes, La Follette, Metcalf, Hastings, and Capper.

The Chairman. The committee will come to order.

Senator Wagner, who introduced Senate bill 1130, is here this morning and we will ask Senator Wagner to make an explanation of the bill.

Statement of Senator Robert F. Wagner, of New York

Senator Wagner. Mr. Chairman and gentlemen of the committee: For the sake of brevity, I have prepared a statement which I should like to present to the committee, after which I shall be glad to answer any questions that I am able to.

The Chairman. If you prefer to go ahead and finish your statement, very well, and after you shall have finished with it, the different questions will be put to you.

Senator Wagner. I thought that might be the better way of presenting the matter. However, I shall proceed as the committee decides.

The Chairman. Very well.

Senator Wagner. Mr. Chairman and members of the committee The center around which revolves all the political and economic thinking of our times is the depression of the past 5 years. Even when we infuse concrete facts with the touch of imagination that gives them life, we cannot count the cost of this calamity to the people of the United Sates. The huge sum of money that has been spent to provide relief and promote revival is a mere bagatelle compared to the $40,000,000,000 decline in our annual income. And even if some financial wizard could ferret out these losses in all their obscure ramifications, he could not measure the broken hopes, the ruined lives, and the aftermath of suffering that will be visited upon a large part of the next generation. You gentlemen know the truth so far as it can be known - for your hearings since 1929 have constituted a panorama of a nation's woes.

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Szczegóły: Economic Security Act, Vol. 1 (Classic Reprint) - Finance United States; Congress; Senate

Nazwa: Economic Security Act, Vol. 1 (Classic Reprint)
Autor: Finance United States; Congress; Senate
Wydawnictwo: FB &c Ltd
Kod paskowy: 9781330765159
Języki: angielski
Ilość stron: 468
Format: 15.2x22.9cm
Oprawa: Miękka

Recenzje: Economic Security Act, Vol. 1 (Classic Reprint) - Finance United States; Congress; Senate