Warned Senator Paul Douglas: "The rains of appropriations are beginning to descend. Pretty soon the waters of inflationunless we do something to stop themwill burst upon the nation." Back in his old corner, the Illinois Senator was pleading once again for Government economy. He was talking in particular about a pork-laden Rivers and Harbors bill that was before the Senate, but he included all federal spending in his admonitions. According to Douglas' estimates, the Government may very well incur a "staggering deficit of $19 billion" next year.
The Senate was not listening to Douglas. The House had already cut...