While the army and navy of the United states are in Africa, Europe and the Pacific, fighting “for a world in which this [n]ation, and all that this [n]ation represents, will be safe for our children,” Democratic (socialist/fascist) de facto President Franklin Roosevelt, Esq., signs the the Public Debt Act of 1942, raising the publicly held share of the Federal debt from 65,000,000,000 to 125,000,000,000 “dollars.”
[added 7/31/2022] Thanks to Bill Holmes for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Encyclopedia of Banking and Finance, s.V. “NewDeal,” 753.
Public Debt Acts – Wikipedia, the free encyclopedia.htm
en.wikipedia.org/wiki/Public_Debt_Acts
The New Deal
www.uri.edu/artsci/newecn/Classes/Art/INT1/Mac/1930s/new_deal.htm
Current U.s. National Debt:
