From the beginning of his Administration, President Eisenhower has favored a decrease in the huge financial responsibilities taken on by the Federal Government under the New Deal. His theory: U.S. prosperity is better served by local enterprise than by federal expansion. "Partnership" in water-resources development is one facet of the theory. The Administration argues that local power companies (public and private) should share costs and profits, cutting federal investment to costs beyond the reach of local enterprisers. Opponents say major projects should be wholly financed by the Government for "all the...
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