THE NATION: $15 Million a Day

In all the tables of statistics in Washington, crowded with numbers so immense that no one could really grasp them, one figure was simple enough to be seen, smelled and tasted: each day the U.S. was spending $15 million more than it was taking in.

Unlike the ordinary citizen, the Government could not adjust its budget by moving to a cheaper neighborhood or finding a better job. But there were some alternatives :

It could cut spending, and get the unbalanced budget back into balance. This was tempting, but a cut in the really fleshy parts of the U.S. budget—the multibillion-dollar...

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