THE BUDGET: Balanced, but Big

In the 1,027 pages of the 4 lb. 4 oz. tome sent to Capitol Hill this week lay one of the major achievements of the Eisenhower Administration: a budget offering a small surplus (est. $70 million) for the fiscal year that begins next July 1. But almost overlooked in the light of that achievement was another fact: the fiscal 1960 budget, despite its balance, is also the largest in U.S. peacetime history.

The balanced budget, result of a determined, top-to-bottom Administration drive, calls for expenditures of $77 billion. That is $5.2 billion...

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