This bill, which I have signed today, substantially carries out most of the recommendations made by me in a speech on July 28, 1943, and more specifically in messages to the Congress dated October 27, 1943, and November 23, 1943:
1. It gives servicemen and women the opportunity of resuming their education or technical training after discharge, or of taking a refresher or retrainer course, not only without tuition charge up to $500 per school year, but with the right to receive a monthly living allowance while pursuing their studies.
2. It makes provision for the guarantee by the Federal Government of not to exceed 50 percent of certain loans made to veterans for the purchase or construction of homes, farms, and business properties.
3. It provides for reasonable unemployment allowances payable each week up to a maximum period of one year, to those veterans who are unable to find a job.
4. It establishes improved machinery for effective job counseling for veterans and for finding jobs for returning soldiers and sailors.
5. It authorizes the construction of all necessary additional hospital facilities.
6. It strengthens the authority of the Veterans Administration to enable it to discharge its existing and added responsibilities with promptness and efficiency.
With the signing of this bill a well-rounded program of special veterans' benefits is nearly completed. It gives emphatic notice to the men and women in our armed forces that the American people do not intend to let them down.
By prior legislation, the Federal Government has already provided for the armed forces of this war: adequate dependency allowances; mustering-out pay; generous hospitalization, medical care, and vocational rehabilitation and training; liberal pensions in case of death or disability in military service; substantial war risk life insurance, and guaranty of premiums on commercial policies during service; protection of civil rights and suspension of enforcement of certain civil liabilities during service; emergency maternal care for wives of enlisted men; and reemployment rights for returning veterans.
This bill therefore and the former legislation provide the special benefits which are due to the members of our armed forces—for they "have been compelled to make greater economic sacrifice and every other kind of sacrifice than the rest of us, and are entitled to definite action to help take care of their special problems." While further study and experience may suggest some changes and improvements, the Congress is to be congratulated on the prompt action it has taken.
There still remains one recommendation which I made on November 23, 1943, which I trust that the Congress will soon adopt—the extension of social security credits under the Federal Old-Age and Survivors' Insurance Law to all servicemen and women for the period of their service.
I trust that the Congress will also soon provide similar opportunities for postwar education and unemployment insurance to the members of the merchant marine, who have risked their lives time and again during this war for the welfare of their country.
But apart from these special benefits which fulfill the special needs of veterans, there is still much to be done. . . .
As a related problem the Congress has had under consideration the serious problem of economic reconversion and readjustment after the war, so that private industry will be able to provide jobs for the largest possible number. . . .
A sound postwar economy is a major present responsibility.
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