The Budget: Giving & Taking


Next things first: President Johnson spent most of Christmas week at his Texas ranch, working over the budget for fiscal 1966, which begins next July 1. His constant companion was Budget Director Kermit Gordon, whom Johnson considers one of the two ablest nonCabinet members of his Administration (the other: Foreign Relations Adviser McGeorge Bundy).

The budget, of course, was a headache. Departmental spending requests amounted to some $108.5 billion; new legislation planned by the President, such as medicare, mass-transit improvements and anti-poverty measures, could add a couple of billion more.


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