This week the President sent to Congress 3 lbs. 12 oz. of arithmetic, his budget for fiscal 1959, and, as predicted, its spending total set a new peacetime record. The new mark: $73.9 billion, or $2.4 billion more than Ike's 1958 record-setter as it emerged, nicked and scratched, from last spring's clamorous Battle of the Budget. Reason for the $2.4 billion boost: upped defense spending.
Forecasting that the nation's economy will perk out of its present dumps and boom on to new peaks, the Administration estimated Federal income for fiscal 1959 (beginning next July) at $74.4 billion, with tax...
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