We must recognize clearly that housing will not be built if costs are too high in relation to the consumer's income.
In the budget of the great mass of our families, the point is quickly reached where increased costs mean reduced consumption.
The long-continued lag in building is a drag on all industry and trade.
I most strenuously object to the mandatory incurrence of obligations by the Federal Government.
Housing constitutes the largest and most promising single field for private enterprise.
The government has made provision for many of the most needy.
I feel that every effort should be made to keep the new farm program within the present limit of $500,000,000 per annum.
The success of such a program as this, however, cannot be assured by governmental action alone.
I do hereby exempt Mr. Cannon from the provisions thereof and continue him in the service until February 1, 1939.
I do hereby exempt Frank L. Boyd from the provisions thereof and continue him in the service until December 1, 1938.
The tract as described contains 26.0 acres, more or less.
We are getting somewhere, when we begin talking like that.
Eighteen percent would seem to be the total limit of government competition with the private plants.
The general feeling is the difficulty in raising the junior money.
Incidentally, another reason why, in all human probability, it won't get beyond the ten to eighteen percent of Government by either area or ...
The apparent need for expenditures in the coming year runs from a billion and a quarter dollars to a billion and a half.
The Government isn't in that area in any shape, manner or form.
I said, 'Where?'
