FDR: “The estimated net deficit (excluding debt retirement) for the fiscal year 1938 will be $695,245,000.”

Improved standards of nutrition, increased levels of farm incomes, avoidance of agricultural surpluses—these are among the important objectives that the Food and Agriculture Organization will assist the Nations of the world in achieving.

This is our chance to serve those who serve us.

It will recommend agricultural policies and advise Nations on their food and agricultural problems, but it will have no power to coerce or command.

That the whole question of guaranteed wage plans and the possibility of their future development in American industries as an aid in the stabilization of employment and the regularization of production, should now be comprehensively…