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peacetime and wartime. When offered the House last week the grim summary owed above, he was trying tril his colleagues and the Nation as a whole, that the financial situation of the Pederal Government has deteriorated to the extent thai our economy h^ been placed in a precanous position. Such vvords will be .ost (•* course ,011 those who have h'jmorV.ed1 themselves into the belief that everything is hunkydory because th~ stock market is at a high levl . many new houses are being buil*'. and consumer credit.a measure oL the willingness and ability of people to go into hock to buy things— has been reaching record peaks.
To those who insist that 'economic growth is limited only b>, rhe bounds of our willingness to borrow from generations unborn they are the words of a spoilsno t
The bonds of the Government of the United States..traditionally “as good as gold”.. no longer nr? highly-prized securities. Outstanding issues are selling at substantial discounts, and inflationary forcehave robbed new issues of their
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