feb 26, 1931 - Vetoes Veterans’ Emergency Adjusted Compensation Bill (known as the “Bonus Bill”). Aid should focus on veterans in need, not all veterans. “We cannot further the restoration of prosperity by borrowing from some of our people, pledging the credit of all of the people, to loan to some of our people who are not in need of the money.” The bill allowed veterans to obtain advance payments of “bonus certificates” dating from 1924
Added to timeline:
Date:
feb 26, 1931
Now
~ 94 years ago