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Show kf JameS Prkstom The administration's only hope of balancing the Federal budget in the immediate future would seem to simmer down to a simple three-point three-point program: 1. Maintaining high industrial production so that the tax revenue will remain commensurately high. 2- Refusing to advocate further fixed Federally-financed social reforms. re-forms. 3. Curtailing the cost of existing governmental operations, The President's avowed determination deter-mination to economize in regular government operations, if successful, success-ful, will help. But the potential saving in this field constitutes an infinitesimal amount of overall expenditures. ex-penditures. . . . Despite the growth voluntary medical care prepayment plans, a Senate Education & Labor subcommittee sub-committee on health, headed by-Senator by-Senator Pepper, of Florida, insists that compulsory governmental medical service, supported by payroll pay-roll taxes and general levies, is necessary. The issue will be a prominent one before the next Congress. Washington policy-makers seemingly seem-ingly are considering two alterna- fives to solve the nation's housing shortage, vith violent disagreement disagree-ment between the two schools of thought 1. Complete return to free enterprise or 2. More and stricter controls. Observers feel, however, that the new Congress will hardly favor the second. |