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Eisenhower’s warning about deficits echoed in 1963
In May 1963 Dwight Eisenhower warned of a swollen budget and mounting debt that would burden future generations. The article notes deficits of about 5 billion in 1963 versus 290 billion in 1992, with debt near 300 billion and interest at 10 billion, paralleled by calls for spending cuts in agriculture, defense, and space. The piece links his concerns to today’s fiscal debates and political debate.
MENTIONED IN THIS ARTICLE
Dwight Eisenhower
United States
Saturday Evening
Eisenhower
Congress
White House
Washington