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There was no buying power. Nobody had any money to buy what was being manufactured and it closed up the factories. Soup lines and riots resulted.

All of these folks that are fighting and supporting this impoundment business now were the types that came to Washington and said to Franklin Roosevelt: "My God, your program is our program. You just saved this country. We just want to go along with you. We just want to be able to survive."

We are going to get in that situation again if we don't stop what is going on down there in the White House.

Of course, the only thing that is going to save us will be social security and protection of bank deposits, and these people that own homes. Back in the thirties, they just had their homes foreclosed, and were thrown out in the cold.

But we could have a depression in the next year or two that will curl your hair, but it can't be like it was in the early thirties. I went through those days.

Mr. WHITTEN. May I say to my friend, the chairman, we all should remember this: The folks who set up this Constitution set up three equals. They knew that each had to appreciate the responsibility and the limitations on authority of the others. They knew that.

They knew that there would be things that the people would do that might not be sound in the opinion of the Executive. So they provided for him to veto. But they said when you do, if two-thirds still want it, it shall be. That is being ignored.

The CHAIRMAN. Thank you.

The committee will meet on Monday morning at 10:30 a.m. in our committee room, at the request of the Speaker, on a bill or two that he has for the program next week.

[Whereupon, at 3:30 p.m., the committee adjourned, to reconvene Monday, April 9, 1973, at 10:30 a.m.]

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