.20, 1958 will have rung up three balanced budgets n a row. n i seen in Federal financial accounts since the Twenties. The margin of balance is verv small, however Receipts exceeded expenditures by little more -than Si 1-2 billions in 19.",6. and no im portant increase over this is antici pated this year or next. The narrow ness of these margins is accentu ated by the fact that the nation has been enjoying record prosperity, the public has been bearing a record tax burden with only one modest break in recent years, and the pub lic debt still add. up to well over S270 billion; , or not far from its all time high \'i>n-Defeitsp Spending I'p With international conditions what they are. national security expendi ture.- hive inevitably become the major part of the Federal budget. However, our record peacetime bud gets of this year and next are due

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