The great thing about being a broadcaster is you have this incredible responsibility to the people that make it all happen, the people that turn on the television set.
During the fiscal year ending in 1861, expenses of the federal government had been $67 million. After the first year of armed conflict they were $475 million and, by 1865, had risen to one billion, three-hundred million dollars. On the income side of the ledger, taxes covered only about eleven per cent of that figure. By the end of the war, the deficit had risen to $2. 61 billion. That money had to come from somewhere.