The Administration: Whittled, Hacked & Squeezed

The U.S. budget is a jigsaw puzzle that only the President and a few others see whole before it is presented to the nation. Lyndon Johnson has made a practice of keeping the puzzle puzzling right up to the last minute: in past years, Administration aides leaked inflated budget totals in advance so that the final budget, even if a record, would look modest by comparison. Last week the White House announced that the budget for fiscal 1967 will probably be somewhere between $110 billion and $115 billion, a breach of the magic $100 billion figure and a much greater...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!