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Thus last week did the commotion over the Administration's budget for fiscal 1958 follow Dwight Eisenhower to vacationland. Actually, the President was already moving toward a dramatic new effort to quell the continuing controversy. By writing House Speaker Sam Rayburn a 2,454-word message on suggested budget cuts (see below), Eisenhower even placated Treasury Secretary George Humphrey, the man who had tossed the first budget match. Clearly still a member of the Administration's happy family, Humphrey too headed South and, as the President's house guest, he was greeted at Bush airport...

Author: /time Magazine | Title: THE NATION: Asset in Exodus | 4/29/1957 | See Source »

...letter to Rayburn was timed in the full realization that President Eisenhower was far from being the only Government official going on vacation. By demonstrating that the President was willing to meet Congress at least part way in its budget-cutting efforts, the letter was a shrewd appeal to the public opinion that Congress both generates and venerates. And no one knew better than Ike that the members of the 85th Congress were using the Easter holidays to head for home to feel the popular pulse...

Author: /time Magazine | Title: THE NATION: Asset in Exodus | 4/29/1957 | See Source »

...Capitol grounds were redolent with the chicken being barbecued for Congressmen (among the munchers for the promotional stunt celebrating "Chicken Day" were Speaker Sam Rayburn and House Minority Leader Joe Martin). But Washington's air was not filled with the fragrance of flowers, or even of barbecued chicken. It was filled with the brickbats and broken glass that blew from the great budget fracas...

Author: /time Magazine | Title: THE CAPITAL: Blossoms, Budget & Blizzard | 4/22/1957 | See Source »

...with the Tax. Quickest to harness the winds to political advantage were the Democrats: with economy in the air, the idea of tax cuts seemed appealing beyond endurance. House Speaker Sam Rayburn, after matching barometers with Senate Majority Leader Lyndon Johnson, announced that prospects looked good for a tax cut along about Jan. 1. For only $1 billion or so, Rayburn's Democrats thought, they could either increase individual exemptions by $100 or offer a personal tax credit...

Author: /time Magazine | Title: THE CAPITAL: Blossoms, Budget & Blizzard | 4/22/1957 | See Source »

First to apply for the job of ferreting out fiscal failings was Texas Democrat Wright Patman, who proposed a House Banking and Currency subcommittee (headed by Patman) to look into the fiscal picture. He received Speaker Sam Rayburn's blessing, but little more. The House, which knows Patman as an easy-money man who blames most of the world's troubles on big bankers, handily voted down an enabling resolution. Another candidate, Senate Banking and Currency Chairman J. William Fulbright, was equally unpromising. Two years ago Fulbright and his committee undertook an investigation of the stock market, accomplished...

Author: /time Magazine | Title: THE CONGRESS: Man for the Job | 4/22/1957 | See Source »

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