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Budget Message Flags Growth and Defense Priority
President Elgeraower outlines fiscal 1956 with $62.4 billion in receipts, $1.1 trillion total, focusing 65 percent on national security. Defense receives $40.5 billion, Air Force $15.6B, Navy $9.7B, Army $8.5B. manpower to fall to about 2.8 million by June 30 1956. Tax cuts postponed. future reductions considered next year.
MENTIONED IN THIS ARTICLE
Jani
Elgeraower
Egular
Defense Department
Air. Force
Navy
Army
Continental
Congress
AEC
NATO
South Korea
Asia
Bureau of Reclamation
Army Corps of Engineers