THE BUDGET: Deficit Up

One reason that the outcry for tax cuts and massive antirecession Government spending programs died away so suddenly was that both responsible Republicans and Democrats suddenly became aware of a big new fact of economic-political life: without any more help at all, the U.S. already is heading for a massive budget deficit in fiscal 1959 (starting July 1).

Only five months ago President Eisenhower sent the 1959 budget to Congress, and it showed a slender surplus of $500 million. Last week Budget Director Maurice H. Stans guardedly forecast a 1959 deficit "in...

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