THE BUDGET: How The Money Is Spent

The U.S. was richer in products, technological talent, material and hard cash than ever before in history. But there was a limit even to its fabulous wealth. How far could its federal Treasury go in meeting all that was expected of it?

Budgetary experts are now working on what will certainly be the biggest U.S. budget in peacetime. If present Administration policies are carried out, the U.S. will have to figure roughly on spending some $43.4 billion in the fiscal year which begins next July 1. No final figures have been set, but on the basis of current proposals...

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