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It can be seen, therefore, that the federal budget, as submitted to. Congress, does not represent a very firm set of figure*. T|i8 particularly apparent when we find that it will break even, or produce a modest surplus, only if the Con- , gress passes a number of new bills requseted by the President. Space does not permit consideration, of the merits of these proposals at this point, but a nwre listing ofi a few repeals that the^contain many , kernels of controversVaQd are by do mans assured of Copgfessional -> apofoval or public acceptance: Increasedj oostal r^tes, with emphasis on raising the3-cent letter rate to 5 cents. \ Substantial reductions in the . Agricultural Conservation Program (ACP), under which far, me-s are paid for certain soil treatment practices.
Reductions in grants yt- the states for school construction near federal installations, hospital construction and public assistance. The President’s budget message al ojrropo'es Congress enact legislation. affecting the succeeding fiscal vears, ending' federal contributions for Vocational education. 1 increasing the employee and employer payments into the Railroad Retirement Fifnd, and endihg Federal financial assistance in the const-ru-tion of local sewage-treatriie’t plants. ,'s;*'
The President also plans to recomend that veterans’ pensions be studied with the implication - that he may favor a reduction in nonservice connected benefits.
His budget presumes no extension of the direct bousing loans* program for veterans.
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