Show GOVERNMENT T EXPENDITURES DUE TO RISE The proportion of consumer expenditures in the total national product has never been lower in any peacetime year for which statistics are available This is not an immediate problem so long as the sum of Government expenditures business expenditures and net foreign investment is still rising That was his answer to threatened inflation six months ago Here is his answer to threatened deflation now These and other Government policies are providing strong support to business activity and are enlarging the opportunities of private business The fact that public expenditures of Federal State and Local governments are running at a rate of close to 60 billion a year is itself an element of great stability in inthe inthe inthe the present si situation rua tion In his budget message last January the President said a prosperous country cannot afford an unbalanced budget Then he proceeded to introduce a budget which he admitted was at least out of balance and it turned out outto outto outto to be lie beat at least out of balance x x |