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Dr. Townsend proposed a monthly pension plan in which the federal government would pay a pension to all people over 60 years of age. The pensioners would have to spend all the monthly pension before getting the next months check, and they could not work. The doctor was appalled by the plight of the nation's senior citizens. He felt his plan would not only help the elderly but would reinvigorate the economy by creating jobs for young men and women.

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