Show WALTER SHEAD war still boosts budget PRESIDENT TRUMAN has submitted his budget to talling billion n 1 dollars the largest pea peacetime entime budget in history had the president been playing politics as charged charge dIt it would seem the simplest thing to do would woul d have been to slash it to the bone down to where even congressman john taber cut it but 79 per cent of this budget or 31 billion dollars in round figures Is in the presidents words the cost dfwar of war the effects of war and OUT our efforts to prevent a future war only 21 per cent or aboul eight billion represents the expense of running the government whereto where to cut taber says the budget must be slash slashed edby by three billion dollars will it ft be off national defense f foreign 0 reign aid debt redu reduction action or W will III it ft be sit at the expense of governmental services here at home the president painted a rosy picture of the state of the union corporate profits the highest in history 58 68 million persons working which Is per cent more than in 1940 production 7 pir per cent over 1946 1948 and 78 per cent over the 1835 1935 39 average consumer income the greatest ever at 1264 per capita compared to 1074 in 1948 1946 bit business siness investment in plant equipment and inventories more than 25 billion dollars four billion over 1948 1946 the president says the figures are misleading that pr prices ices are outstripping wages high income families are losing purchasing power savings accounts are shrinking credit is expanding dangerously the president has set up a program to get the fly out ol of the ointment no one else has yet nothing is done about it |