Political Quotes

On the recordFebruary 25, 1931
It is now proposed to enlarge the loan rate to 50 per cent of the 'face value,' at a low rate of interest, thus imposing a potential cash outlay upon the Government of about $1,700,000,000, if all veterans apply for loans, less about $330,000,000 already loaned.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

Veto of the Emergency Adjusted Compensation Bill.

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