The Republican., 1963-05-16


Shocking Facts About Federal
Spending-High as is the record
breaking S98.8OO. 100000 budget, it
does not cover everything the Ad-
ministration proposes to spend.
The lead article in the May issue
of Readers Digest points up nu-
merous examples of backdGOr
spending planned. Backdoor-spend-
ing items are not included in the
budget.
The Housing and Home Finance
Agency has at least 46 urban re-
neWal programs that will result in
borrowing from the Treasury, and
paying out, at least $500, 100000
during the coming year, but all
that shows in the budget for these
programs is a $695, 100000 expendi-
ture. The Commodity Credit Cor
poration is down in the budget for
Just IA billion dollars, but the
agency will actually obligate 95
billions; it will require 5,3-bil-
lion-dollar appropriation from
Congress during the year to re-
store some of its losses on farm
price supports, and, by its own
calculations, it will end the year
with an accumulated deficit of 81
billion dollars.
Highly critical of the pres
ent fiscal policy, the Readers Di-
Gest article reminds us The Treas
ury now has TO pay up to 4 and
Is percent to borrow from the
public the money which the Rural
Electrification Administration lends
out at a cut-rate 2 percent to CO.
ops so they can operate electric
utility and telephone businesses in
competition with taxpaying COM
panies.
People Demanding Cut In Gov
ment Spending-The people
throughout the country would like
a tax cut, but they are more con-
cerned over the need to halt the
ceaseless rise in Government
spending. The mail coming to me
and to other SenatOrs-makes
this crystal clear. Cut Govern
ment spending" is the demand.
The rumblings over the country
indicate the mood of the people.
Spending cutbacks are, of course,
necessity if fiscal sanity is to be
maintained, the national debt kept
from getting completely out of
hand, and the integrity of the dol
lar protected. Per Jacobson, the
shrewd director of the International
Monetary Fund, recently said: THE
idea of permanently unbalanced
budget is the emanation of per-
manently unbalanced minds.
Budget-Balancing: Doubletalk-
A bureaucrat .explained" his theory
Ct the national budget in these
words
THE plan should not seek such
precision and specificity as to
policy and programs that it be-
comes a brittle structure Of cause
and effect which can be shattered
by the stresses arising from shaky
foundations of presumed facts.
Planning calls for a continual rcll-
ing adjustment and elaboration
Of policies and programs. There
must be a constant feedback of
current experience"
The author of that doubletalk is
an eXpert-one of the Govern
ments best. He is the fiscal eX-
pert who last year estimated that
this year the Federal government
would have surplus of S500,O00,00O.
It looks now as though we'll end
up the fiscal year about S9,00O,OO0,-
900 in the hole.
Last Call For Your Question
naire-If you have not already
done so, please send in your ques-
tionnaire as soon as possible. We
hope to complete the tabulation
Cf the answers within week or
;Wo. The results will then be re-
ported here in the Senate Cloak
room.
"Typically American Food'-For
the grand opening of the swank
London Hilton Hotel in London,
England, an international epicures'
menu was offered in the main
dining room: Birds Nest Soup
from Hong Kong, Saddle of Veal
with Truffle Sauce from France,
a Greek Salad, Pineapple Rio Car
naval from Brazil, to mention a
(Oy, F;nco, IicLyi,1' itnmc From