The Key West Citizen Newspaper, May 11, 1953, Page 12

ry GOVERNMENT WILL TRY FOR BALANCED BUDGET LATER ON | Balancing May Be Difficult Even In 1954 Fiscal Year By CHARLES F. BARRETT WASHINGTON ‘#-—With hope of- ficially abandoned for a balanced | budget now, the government may borrow a well-known line from the Brooklyn dodgers: Just wait ’til @ext year. But simple arithmetic showed to- | day that balancing spending with! fevenue may be painfully difficult | even for the fiscal year beginning | duly 1, 1954—14 months away. | Red ink was the underscoring in | @ look at government finances re- | leased yesterday by the staff of} the Senate-House Committee on In-| ternal Revenue. For the current year, ending; June 30, the committee forecast a | deficit of $7,300,000,000—almost 142 | billion more than former President | Truman estimated in his budget | last January. | For the year starting July 1, the | first full fiscal year of the Eisen- hower-. administration, the commit- tee foresaw a deficit of almost six billion dollars. [t assumed Eisen- hower would cut five billions from spending planned by Truman, for an outlay of 73% billion. That still would keep the govern- ment deep in the red. A partial reason is that present tax laws are ches Wabi araianer or Sabina EESTI, 5 MORE NIGHTS 5 Greyhound Racing DAILY DOUBLE Ist and 2nd QUINIELAS EVERY RACE Key West Kennel Club not bringing in as much revenue as was expected. Sen, Taft of Ohio, the Républican leader, was less optimistic than the committee staff. In a week-end interview, he predicted that “unless changes are made” in spending plans, the deficit in the coming fiscal year will be from 9 to 11 | billion dollars. Truman, recom- mending more spending than the | Eisenhower administration now Plans, had figured the deficit at | $9,900,000,000. In the wake of Secretary of the ; Treasury Humphrey’s quoted state- ment to a Senate cummittee last week that the budget for the 12 months starting July 1 cannot and! should not be balanced, some Re- publicans showed concern over the political effects. Some advisers were known to be | {urging President Eisenhower to take to radiv and tcievision to re- state’ his purpose of balancing the budget and telling of the difficul- \ties. These advisers were reported to be urging the President to blame the Truman administration for pres ent financial difficulties. No one has yet made any official estimates on the budget for the year beginning July 1, 1954, but arithmetic based on the Senate- House committee staff survey at/ least shows the scope of Eisenhow- | er’s budget-balancing problem. The joker in tne government’s financial deck is a series of auto- matic tax euts, written into present laws by a Democratic Congress and a Democratic administration. Eisenhower inherits the loss of revenue, but perhaps little of the credit for the reduction. If present estimated income levels continue, these cuts would reduce revenue an additional six billion dollars for the year bégin- IGG Page 12 By BOB THOMAS HOLLYWOOD ‘# — Susan Hay- ward has returned from a business and pleasure tour of Europe and is ready to play her heart’s desire— |a wicked woman. | The ‘ Brookiyn actress, | temperament matches her flam- ing hair, is back to start work in “The Story of Demetrius.” The | picture sets something of « record. | It appears to be the first time that a picture and its sequel were made in quick succession. Its pred- jecessor, “The Robe,” just wound | up shooting, and the studio will save thousands by again using the sets and costumes. | Miss Hayward plays the sultry | wife of Roman Emperor Claudius in the film. The empress’ pastimes |include murder and adultery. “I’ve been wanting to play a wicked woman for a long time,” | she enthused. “I’m fed up with jplaying so many good girls, | They’re not much fun.” ning July 1, 1954—to a level of about 61% billion dollars. Thus, to balance the budget that year, Eisenhower would have the ; tremendous job of cutting spending year’s estimated billion. But already there is pressure in beyond those already fixed by law. | With 1954 an election year, this pressure is certain to mount. Any | such move would increase still fur- ther the spending cuts necessary to balance the budget for 1954-55. THE KEY WEST CITIZEN whose | by 12 billion dolars below next} outlay of 73%} Congress to enact tax cuts even! Monday, May 11, 1953 HOLLYWOOD NOTES The actress toured France, Spain and Italy for two months with her husband, Jess Barker. The trip had a two-fold purpose, she remarked. “In the first place, I had never been to Europe,” she said. ‘So it was a wonderful experience. {But it was also a business trip. I made appearances and did inter- {views wherever I went. The for- eign market is very important to the picture business, you know.” She offered a kaleidoscopic view of her European trip. Among her impressions: The Italians, both male and fe- male, were the best - dressed among the nationalities she saw. Yes, that includes the French. “The Italian cars are also the; jest, but they're not for us,” she | added. “‘They’re designed to go 100 DIXIE DARLING WHITE ENRICHED e * BREAD Family od Size . Loaves @ PRICES THROUGH WED., MAY 13 FREE!! WITH EVERY QT. OF TASTY MAYONNAISE * PKG.—6-0Z. DONALD DUCK CHEESE QUAKERS Cpe RESERVED 4 48c Tube PEPSODENT jmiles per hour, and where can CHLOROPHYLL you go that fast here?” } | The Barkers toured in their new | | Jaguar, accompanied by a driver- |linguist. They found the accom- | modations excelient, except when |they stopped in the smaller towns of France, The actress was much |impressed with the hospitality of | Spain. How did she like bullfights? “Wonderful,” she replied, “I have no feeling for the bull. He lis a mean, vicious animal who would just as soon kill you.” The Europeans are very friendly to Americans, and hep to film jstars. The only, discordant notes were occasional “Go home, Amer- jicans” signs in France—‘“but they | Fepresent the opinions of a small minority.” HOW TO DISCOVER FOR YOURSELF... THE FINEST CAR AMERICA HAS YET PRODUCED 1. Look for Power. Not just “horsepower,” .. but actual drive power. Here, in the Imperial, is a new kind of power found nowhere else except in some Continental sports cars. We invite you to try its absolute mastery. 2. Look for Control. Not just imita- tions of.today’s big advances in driving safety . « but the original Full-time Power Steering and Power Brakes. 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