The Nation: Ford's Grand Canyon Budget

As federal budgets go, the one that President Ford will submit to Congress this week resembles its predecessors in its time-worn definition of just how big the Government must be to meet the needs of the nation. The answer seems to be: bigger. The President called for federal spending in fiscal year 1976, which begins next July, of a record $349.4 billion. That would be an increase of 11.5% over this year's level, even though Ford is proposing almost no new programs except in the energy area. To keep outlays from rising even higher, Ford also called for spending cuts of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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