"We have tried spending money. We are spending more than we have ever spent before and it does not work. ...we have just as much unemployment as when we started. … And an enormous debt to boot."
"We want to see private business expand. … We believe that one of the most important ways of achieving these ends at this time is to continue progress toward a balance of the federal budget."
-Henry Morgenthau, Jr., Secretary of the Treasury, 1934-1945.
He opposed Keynesian Economics, probably the only one in the Cabinet to do so, but unfortuately, he worked for FDR.
The laws of the universe don't change.