"The budget is a superb deflator of rhetoric because it calls to account the open-ended promises heard so often in an election year."
THAT rather righteous statement in Richard Nixon's 1972 budget message may well be correct—as far as it goes. But as the President is well aware, the great gray mass of numbers and charts that is being sent to Congress this week has a rhetoric of its own that is difficult indeed to deflate. Plagued by a painful recession and a limping recovery during the first three years of his Administration,...
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