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YOUR
CONGRESSMAN
REPORTS
By Rep. Burr P. ^HarrisorQ'
, The Congress now is (tonsidering, in its "appropriation qommit- tees, the first balanced budget submitted since fiscal year 1951.
It is important to /Tomember that the budget of me Federil ^Government has not been balanced
definitely by .the President or by the Congress. TJjcJPresident can , propose expenditures and taxes. Congress can vote appropriations and taxes. How the balance sheet will look at the end of a fiscal year will depend, however, on how good the guesses of the govern* ment experts are as to how much money will come into the Treasury. How much comes in will depend, in turn, on how the economy of the Nation fares, how good business is for everyone.
The headlines heralding Mr. Eisenhower’s .estimates that the Federal Government Would come out about $200,000,000 ahead in the fiscal year ending June 30, and have a surplus of about twice \ that amount next fiscal year, made cheerful reading.
To serious students of federal finance, such as: Virginia’s Senator Harry F. Byrd, however, all is not •' rosy. Although the President pro, dieted a balanced budget, Senator Byrd pointed out that the balance was dependent, “on the premise, apparantly, that the present boom will continue, and this no one can oredict.” ' .
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