By longstanding custom, the President of the U.S. makes no public pronouncement about his new budget until after he presents it to the newly convened Congress. Last week Dwight Eisenhower deliberately breached the custom by announcing that the budget for fiscal 1960 (beginning next July 1) "will be a balanced budget." Convinced that he is duty bound to combat both price inflation and governmental bloat, the President decided to risk the course urged by Treasury Secretary Robert B. Anderson: take a stand on fiscal responsibility, and let the political chips fall where they will.
Urge v. Surge. Income and outgo,...
To continue reading:
or
Log-In
