| Show The Deficit Philosophy Of Kennedy Administration The Kennedy Administration has now no adopted the Ule deficit philosophy phi phi- l and is at the point of no o n The word in Washington Washing Washing- ton Lon is that er e every effort will be made to keep the deficit for Cor the thc coming year below the record record rec rec- record ord billion record peacetime peace peace- t time ime deficit o of the Eisenhower Administration in 19 1959 1939 9 This then is s the official It is not to balance the budget Significantly Sign Sign- i the majority in Congress Congress Con Con- gress Kress seems to be bc swinging stringing behind behind be- be hind the Kennedy Administration tion lion in this thought pattern The Thc economic traditionalists such as Senator Harry F. F Byrd of oC Virginia do not seem able to altogether check the trend though they have a Coli following owing and considerable power in Con Con- gress I The President is gambling I that lower taxes and a n bigger deficit will create better business busi bus busness ness and a balanced budget in inthe inthe inthe the years to come It could be bea a historic turning point in U.S. U.S. U.S. U. U S. S fiscal policy Heretofore w we have depended on the effort to reduce spending in to time o of economic recession this tim time e the thc President is lowering taxes to give gi the thc economy a lift |
