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Page 3 · column 3 of 9 · from the scan, no model involved
neeeui assaults uii uie uuilar in the international money markets need not cause panic, but should provide a jolt sufficient to prompt drastic budgetary reforms, because the heavy foreign buying of gold reflects a lack of confidence in the ability of the United States to manage its pocketbook,* Marsh warned.
“Careful evaluation and re evaluation of each federal program is essential, but this is difficult under a system which has stripped its gears under the pressure of accelerated population expansion and multiplication of governmental functions,* he added. Marsh said appropriations subcommittees “must try to digest in a few days each budget request running into the hundreds of millions, and even billions, of dollars, and probe with haste for signs of waste*. “For example, considerable study of the big budget document has been required to establish that the Executive Branch is asking for more than two billion dollars for official travel— more than the total funding of the poverty program, or the total of federal aid to elementary and secondary education, or the total to be spent on medical care for all veterans,* he sa id.
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