THE NATION: The Boom's Balance

Three times during the week U.S. Budget Director Rowland Hughes, a thick folder tucked under his arm, hurried out of Washington to meet with the President of the U.S. In the folder was a sheaf of legal-sized paper covered with the typewritten words and figures of the Government's budgetmaking. At the end of one set of papers there was a historic estimate: the U.S. budget, for the current fiscal year ending June 30, will balance.

Only three times in the last 26 years has the Federal Government spent no more than it took in.* A balance this year would fulfill...

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