The Carter Administration and Congress last week continued their deadlock over Government spending in 1981, after a White House session attended by the President and congressional leaders failed to resolve disagreements on how to balance next year's budget. But, as the nation slips into recession, the whole balanced budget debate has become an increasingly dangerous and irrelevant political game. The recent developments are of particular concern to Alan Greenspan, who served as chairman of the Council of Economic Advisers under President Ford. Warns Greenspan:
"Once the second-quarter G.N.P. estimates are known in two weeks, there is no way to get a fiscal...
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