The Farmville herald. (Farmville, Va.) 1957-current, 1961-01-03

WASHINGTON, DEC. - - ! ny
new Director of the Federal Bud
get Bureau - David f. Bell
Harvard economist is lle q
position to influence greatly the
spending policies Of the kannedy
Administration and thus the
fiscal soundness of the nation.
1t is difficult job = in a
difficult time : that he is under
taking. There is no doubt that
spending pressures are going to
be terrific.
But members of the Congress
sional economy bloc are eager to
cooperate in every way possible
in holding Government spending
down to ESSENTIALS. They are urg-
ing grass roots campaign
against Wasteful spending. "
At the present time the Eisen-
hover Administrations forecast
for this fiscal year lending next
June 3O is: Receipts $8l.5 bill
lion. expenditures 1904 billions
surplus Sill billion.
The Eisenhower Administration
now is preparing budget. for the
next fiscal year to be presented
to Congress before President
elect Kennedy is inaugurated on
Jan. 20. Indications are that
President Eisenhower is deter
mined to present to Congress q
balanced budget.
But Mr.. Kennedy will occupy
the White House while Congress
acts on the budget. He is eX-
pected to submit his own ideas
and during the political cam
paign he proposed substantial in
creases in Government spending.
He is on record, however, as
believing in a balanced budget.
The only times when an unbal-
anced budget is warranted, he
says, is during "a serious recess
sion" or "a national emergency
where there should be large ex-
penditures for national defense.
If adhered to, this places upon
the new budget director the task
of aligning Mr.. Kennedy's cam
paign promises with the reality
of available revenue.
Indications are that he will be
able to use to advantage all the
fiscal skill and knowledge he. &C
uuired while serving in the Bud
get Bureau during the l94O's--
and in other fields of activity
since that time.
Mr.. Bell, al years old, was at
one time an administrative as
sistant to President Truman, re-
search director for Adlai Steven
son in the 1852 Presidential cam
paign, and an employe IN lhe
Budget Bureau in the l94O's.
AS Budget Director he will
have Cabinet status.
Expanded International Trade
Another appointment of great
Importance to industry was that
of Gov. Luther H. Hodges OF
North Carolina as Secretary tof
Commerce.
In announcing the appointment
of Governor Hodges, President
elect Kennedy made it clear that
he regards expansion of the ma
tons international trade as per-
haps the most vital RESPONSE
bility of his Secretary of Com
merce
Mr.. Kennedy referred to. the
C ON cree Department as a
most vital agency" and then
added:
II would say perhaps one OF
its most vital, if not its most
vital, responsibility in the COM
ing years will be in the inter
national field. maintaining our
position in international trade,
developing and encouraging new
markets, providing some degree
of assurance and protection for
those who trade with us, dealing
with the problems which are
raised in western Europe by new
trade structures, as well as trade
with the underdeveloped areas OF
the world"
Explaining his views, Governor
Hodges said:
II am for expansion OF trade.
l think that is the way the world
gets along. l think that is the
best remedy for anything.
1T is far more important than
aid and all the other talk you
can get. You have real problems
in expanding trade, because you
have the question of the balance
of payments and all of that. 1t
has been turning against us in