Show WEEKLY NEWS alws ANALYSIS HY JOSRPH IV larine battle to raise national debt makes new taxes impossible touchy topic in election year EDITORS NOTH NOTE when opinions are arc expressed in hase ic columns they are arc those of tile news analyst and not necessarily of this newspaper rie leased by western newspaper union T iu I 1 f ni lim EARLY KINO KING fin fine e ills fits boss hopes great interest WHITE HOUSE budget next the national debt will reach its legal limit to circum circumvent the issue or force an increase through a hostile congress during an year will provide such a test of political etiquette that the new deal will alu have little stomach for a tax boosting campaign if anything it will bo be emart politics to slash expenditures thero there were signs in late november that hat such attempts might be made one by one administration spoke spokesmen omen purred for the press said pat harrlson harrison chairman of the senate finance committee receipts are arc showing up fine the way they are coming in glad lens our hearts if wo we cart call cut down expenses somewhat we may get along without a tax bill said sen william king fresh from a white house conference the president evinced great interest in a policy that would prevent large deficits next came white house secretary steve early who has been reborn lately as a 0 spokesman while budget direct rr harold D smith nodded his assent steve early pointed out that the tha president Is considering sharp economies economics next year other lenders leaders hoped to trim the deficit to between and lost last fiscal ascal years 1 ODO aside from nil all important political considerations prevailing whether the president dougha third term or tried to name his successor there were some honestly promising factors in the picture rolls stood at against a year ago business was better tax income if the present rate of increase Is maintained would be higher next year but there was a less pleasant side to the picture national defense which last year cost may easily reach this year end and would thus wipe out the boost in tax receipts relief costs are predicted at against this year a comparatively small cut summed up the budget will probably hit a rough which still falls to reverse tho the spending trend |