Business: Reining in a Runaway Budget

The White House tries for fiscal belt tightening without much pinch

Of all the ways that inflation can and must be fought, none is more important than beating the bloat out of the federal budget. The fiscal 1980 spending program that Jimmy Carter unveiled this week is a modest, but only modest, success in the struggle. Carter has always described his budgets as lean and tight, and this one, the third of his Administration, is certainly leaner and tighter than the puffed-up document for fiscal 1979 that he sent to Congress a year ago.

That said, next year's proposed spending of $531.6 billion,...

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