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Show Have We Stopped Spending ? The trouble with the country now, argues one school of economists, is that we have stopped spending. It is as simple as that! All we need to do is resume spending! Hence the need for pump priming. Stopped spending? Let's see. Not counting the soldiers' bonus, here is the record of government spending for the first nine months of each fiscal year since 1932: July 1, 1932, to April 1, 1933 $3,777,067,909 July 1, 1933, to April 1, 1934 4,848,004,417 July 1, 1934, to April 1, 1935 5,062,459,201 July 1, 1935, to April 1, 1936. 5,337,110,349 July 1, 1936, to April 1, 1937. 5,520,982,140 July 1, 1937, to April 1, 1938 5,676,045,774 Resume spending? When did we stop? |