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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 11, 1962
Page
13
The piece argues that the 1962 deficit threatens foreign confidence in the dollar, noting deposits of foreign claims against the gold stock and Kennedy's budget balancing stance. It compares Eisenhower and Truman deficit records, stressing deficits as a lasting part of federal budgeting through generations.
Sylvia Porter reports the 1963 federal budget may run a deficit from five to ten billion dollars as tax receipts lag spending. The tone notes hopes of near balance fading, with Byrd and Kennedy forecasting possible deficits up to ten billion and debt rising toward the 300 billion mark.
A symposium for high school guidance counselors hosted by Coe Grinnell and Cornell colleges will take place Saturday on the Cornell campus. Charles Jacot of Cornell will moderate panels and case studies on admission procedures. Whitelaw Wilson of Coe College will be among the panelists.
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