THE HOUSING FIGHT: The U.S. Should Spend What It Can Afford


EVERYONE in Washington agrees that the U.S. should have a new Government housing program. But how much should the U.S. spend? And on what?

The Administration wants to spend $317.6 million in fiscal 1960, down sharply from last year's emergency expenditure of $1.1 billion. The Senate has upped the ante: it passed a bill raising expenditures to $505 million for 1960, obligating $3.6 billion in future years. House bills go even farther: they call for increasing expenditures to $957.5 million next year, obligating a total of $6.1 billion.

No one, least...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!