Budget in Brief Fiscal Year 1965 Figures
The budget summarizes fiscal year ending June 30 1965 with spending at 99 687 000 000 income 94 400 000 990 and a deficit of 281 000 000 287 000 000. Debt at year end stands at 322 500 000 000.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 25, 1965
Page
16
The budget summarizes fiscal year ending June 30 1965 with spending at 99 687 000 000 income 94 400 000 990 and a deficit of 281 000 000 287 000 000. Debt at year end stands at 322 500 000 000.
President Johnson outlines a plan to cap rising federal costs while warning a debt peak of about 322.5 billion dollars by year end. He proposes tax changes to raise 5.1 billion for 1966 with space and defense priorities, while targeting Appalachia and poverty programs for further funding.
Dr. Eugene Blake urged against a single all Protestant union, warning it could threaten truth and ecumenical cooperation. He spoke at Grace Cathedral in San Francisco during a eight day program on church unity, stressing unity must serve the world. The talk touched on church tax exemptions and fears of uniformity, calling for a truly catholic, truly reformed, and truly evangelical united church.
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