MODERN GOVERNMENTS VERY EXPENSIVE.
STARTLING AMERICAN FIGURES. (By Telegraph-Press Assn.-Copyright) Eeceived Monday, 7.5 p.xn. WASHINGTON, July 12. Mr John Gehhart, Director of the National Economy League, asserted to-day, in a published statement, that it cost 11,750,000,000 dollars more to run the American Government during the past six fiscal years than the first 127 years of the existence of the Republic. The figures were 37,750,000,000 dollars for the six years prior to June 30, 1936, and 26,000,000,000 dollars from 1789 to 1916. Mr Gehhart said Mr Hoover was responsible for the ‘ ‘ sizeable amount of the deficit,” but the New Deal was responsible for the bulk of it. Meanwhile, a Government report made public to-day showed that the national income for 1935 was 52,595,000,000 dollars and income paid out 53,587,000,000 dollars.
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Horowhenua Chronicle, 14 July 1936, Page 7
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129MODERN GOVERNMENTS VERY EXPENSIVE. Horowhenua Chronicle, 14 July 1936, Page 7
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