| OCR Text |
Show Spendthrift Charges Pale, Rep. King Asserts on Utah Visit stands in "sharp contract to the deficit of more than. 12 billion dollars which the administration piled up in fiscal 1959." J The Utah congressman said the surplus completely refutes the predictions that the heavy Democratic Demo-cratic majority would take Congress Con-gress on "a wild spedning orgy." He called the surplus "an outstanding out-standing example of cooperative and responsible" Congressional leadership. It explains in part, "why the Democrats have been able to maintain control of the Congress in the last six years of the" current administration." Mr. King said Congressional Quarterly has tallied the total Eisenhower fund requests for fiscal 1960 at $80,617,001,687. Appropriations on the requests have totalled $78,866,244,213. The reduction is $1,750,757,474. The cries of "irresponsible" and "spendthrift" once hurled against the 86th Congress have been paled into silence by savings sav-ings of one and three quarter billion dollars piled . up by the Congress in its first session, Rep. David S. King asserted upon his arrival in Utah this week. "Figures furnished me by the Congressional Quarterly show the Congress in the session just ended trimmed 1.75 million dollars dol-lars from the President's budget requests for fiscal 1960," Mr. King declared. Unless the administration has miscalculated the federal revenues reve-nues for the year, or unless the administration again finds itself unable to live within its appropriations, appro-priations, we should have a surplus sur-plus next June 30 to apply on the national debt," he said. The surplus, he said, demonstrates demon-strates "the feasibility of the legislation which I have introduced intro-duced to retire the national debt by including an amount equal to one per cent of the debt in every annual budget. "We have managed to create a surplus in this session without consciously striving for one. If a surplus earmarked for debt payment became an established objective in every budget, I am confident we could achieve it, especially in the years in which the national economy is growing as it is now," he said. The money voted in the House this year ran at least one billion dollars below the amounts finally final-ly approved by joint Senate and House action, and their total cut below the budget by an amount "roughly equal to one per cent of the national debt," Mr. King observed. Mr. King's own money votes, he said, ran "some 3V2 billion dollars below the President's requests." re-quests." One per cent of the national debt, he said, would be approximately approxi-mately 2.95 billion dollars. The fiscal outlook for the year ; ; . |
