The Economy: Big Numbers

It was a big week for dollars. For the dollar itself, the future was cloudy but not necessarily black.

All week long, in an even, managerial voice, the White House was issuing stupendous totals, equations and projections of dollars:

∙In his budget message, John Kennedy made it official that he wants to spend 92.5 billion of them during the fiscal year beginning July 1—more than any other President before him in peacetime. He also expected that the U.S. Government would collect more of them—93 billion—than ever before. Congressmen and commentators agreed that the budget balance was "precarious''—which was not only a...

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