OCR Text |
Show Public spending in 1953, according accord-ing to the Tax Institute, totaled $105.2 billion. Of this amount, $51.1 billion or 48.5 percent was for national defense and international inter-national affairs. Education was second with $9.6 billion or 9.1 Interest almost as much as education edu-cation was $7.0 billion or 6.7 Then highways with $5.0 billion or 4.8. Veterans with $4.96 billion and social security $4.5 billion account ac-count for 9. Relief and general welfare $3.0 or 2.9 is next in line. These 7 general acreas cost $87.3 billion or 81 of all public expenditures. Government operations opera-tions are mighty expensive. |