The Poison of Deficits

The President, says Mr. Stafford, is not only a tremendous spender. He also has a way of springing disagreeable and costly budgetary surprises

The American people have belatedly awakened to the fact that there is an ardent and successful big spender in the White House, and have indicated their concern in an unexpected deluge of letters to Capitol Hill. This is heartening, of course, to those who do not want to see our country slip into the fiscal morass of France or experience such a financial collapse as that of Germany after World War One.