THE BUDGET: Red-Ink Disappointment?

Heading home from Washington for the holiday recess, New Jersey's freshman Senator Harrison Williams echoed the cry of many another Capitol Hill Democrat about President Eisenhower's proposals for a balanced budget in fiscal 1960. The whole notion, said "Pete" Williams, was "mythical." At about the same time last week, Pete Williams & Co. got some studied support for their argument: a staff report from the Joint Congressional Committee on Internal Revenue Taxation flatly predicted that the Eisenhower Administration's hopes for a balanced budget are doomed to red-ink disappointment. Federal income in 1960, said the report, will come to $75.8 billion...

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