THE PRESIDENCY: Black-Ink Budget

In the red and black terms of fiscal policy, it was a dramatic occasion. After a paring arid scraping, President Eisenhower had almost in hand, to present to the 86th Congress next month, a balanced budget with about $77 billion incoming against about $77 billion outgoing.

There was no magic revenue or cost breakthrough in the Eisenhower Administration's prospective balanced budget as Ike outlined it last week to Republican congressional leaders. It had come not by wave of the hand but by sweat of the brow. "There can be no real fiscal security in this country." said the President, "unless...

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