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From: rdz@ccice5.UUCP (Robert D. Zarcone)
Newsgroups: net.politics.theory
Subject: Re: 1933 and Roosevelt, discussion wanted?
Message-ID: <719@ccice5.UUCP>
Date: Mon, 11-Mar-85 13:15:11 EST
Article-I.D.: ccice5.719
Posted: Mon Mar 11 13:15:11 1985
Date-Received: Thu, 14-Mar-85 04:05:57 EST
References: <705@ccice5.UUCP> <1145@ukma.UUCP>
Organization: CCI Central Engineering, Rochester, NY
Lines: 19

> >I throw these statistics of 1933 out for discussion:
> >
> >1. 1/4 of the work force was unemployed
> >2. the wage rate was 3/4 that of 1929
> >3. 1/5 of the nations banks had failed
> >4. prices were 3/4 their 1929 level
> >
> >Roosevelt was trying to solve all these problems *without* deficit
> >spending (contrary to popular thought)...
> 
> That's what we call a "Tax-and-Spend" Democrat. 
> 
> Paul Hightower
> University of Kentucky

I must be missing something here!  If taxes aren't for raising revenue to
be spent, what are they for?  A national savings account?  Just in case?

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