U.S. budgets are always rather dubious documents, based on tenuous guesstimates of anticipated revenues and expenditures. Even in this uncertain com pany, though, the spending plan for fiscal 1975 that President Nixon will un veil next month will stand out as an exceptionally shaky exercise in pondering the imponderable. The big unknown, of course, is the effect of the energy crisis, which could plunge the U.S. into a recession, slash Government tax revenues, and force big additional outlays for new job programs to ease the impact of unemployment. Whether or not Nixon...
To continue reading:
or
Log-In
