TITLE

Washington Wire

AUTHOR(S)
T. R. B.
PUB. DATE
May 1959
SOURCE
New Republic;5/25/59, Vol. 140 Issue 21, p2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article presents information on the current political situation in the United States. It is reported the Democrats have got a statistical argument to make. President Dwight D. Eisenhower has given two big and largely unnecessary recessions. Four of his six budgets have been unbalanced. If the four Eisenhower deficits are weighed against the two small surpluses, the Treasury red ink for six years comes to $20 billion. Well, now we are out of a recession (or nearly so) and headed for prosperity again. But prosperity under Eisenhower is like a chained dog. It leaps up, rushes off and is jerked back. Eisenhower placed price stability ahead of full employment. The Democrats are making out a kind of case for growth in the spending bills they are presenting for veto. They will raise the veto issue in 1960. But Eisenhower won't be running in 1960. The TVA, set up by former president Franklin D. Roosevelt, was the first large-scale experiment in planned economy, and a candid test of socialism in the realm of public utilities. The White House is expected to veto a bill authorizing the TVA to issue bonds to finance its expansion.
ACCESSION #
14440168

 

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