The Budget: Watch Those Lights

THE BUDGET

"It seems to me that it is a little dark in here," said Lyndon Johnson with feigned surprise to a group of U.S. businessmen at the White House one night last week. "If it is," he added, "it is because of the new budget; we are trying to economize on the light bill."

President Johnson appeared to be economizing on a lot more than the light bill in the fiscal 1965 budget that he sent to Congress last week. Everybody knew well in advance that the President would call for expenditures of $97.9 billion, down $500 million from the current budget,...

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