Revenues should be increased not by increasing the tax rates on the individual but by building a bigger economy for everybody.
We now know that inflation results from all that deficit spending.
Fascism was really the basis for the New Deal. It was Mussolini's success in Italy, with his government-directed economy, that led the early New Dealers to say "But Mussolini keeps the trains running on time.
A drastic reduction in the deficit...will take place in the fiscal year '82.
