Article Image

IPFS News Link • Government Debt & Financing

The FDR Plan to Restore America

• https://www.fff.org by Jacob G. Hornberger

It's set forth in an article today published by the New York Times. Drawing on President Franklin Roosevelt's New Deal during the Great Depression, he wants the federal government to implement a big hiring program. His plan is modeled on FDR's Civilian Conservation Corps, which was established in 1933 and which hired young men to plant billions of trees, build hundreds of parks and wildlife refuges, and complete miles of trails and roads.

How much does O'Mara project this public works will cost? He doesn't say. In fact, he gives that question extremely short shrift, as though it doesn't really matter. He writes: "How much would all this cost? That depends on the scope of our ambitions. But clearly, there is plenty of work to be done and too many young people without jobs or prospects who are available to do it."

Nonetheless, regardless of the "scope of our ambitions," unless the federal government conscripts and enslaves the workers, it still has to get the money to pay them and to buy the tools and equipment they will be using.


www.universityofreason.com/a/29887/KWADzukm