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Time to cut debt, claims Morgenthau. Henry Morgenthau (Sec. of Trans.) appearing as first witness Monday before House Ways & Means Committee session [...] President Roosevelt's request for "tax the rich" revenue. Morgenthau claimed it was time to raise cash to "meet expenses" and to "make substantial reductions in the public debt." The money raised should be used for this purpose, he said, and not for "new government expenditures," 7/8/35

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