The Budget: Neither Extravagant Nor Miserly

THE BUDGET

It would be well-nigh impossible, complained President Johnson during his long sessions with Budget Director Kermit Gordon at the LBJ Ranch, to squeeze Government spending next year to less than $100 billion. There was no magic in the arbitrary $100 billion figure. Having mentioned it, however, Johnson was able to display a flourish of frugality when he sent Congress a budget this week calling for $99.7 billion.

That was still a record high. But, wrote the President, "the budget provides reasonably for our needs. It is not extravagant. Neither is it...

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