I
MEDFORD MAIL TRIBUNE. MEDFORD. OREGON
THURSDAY. NOVEMBER 29. 1962
T . . . . . TA
Itowiin an if i
NEW ASSIGNMENTS - Budget Director David E. Bell,
nsht. hands a copy of the budget to Kermit Gordon in
Washington after it was announced that President Ken
nedy had selected Bell to be foreign aid chief. Gordon, now
a member of the President's Council of Economic Ad
visors, will replace Bell as director of the Bureau of the
Budget. (UPI)
Chicago Said Best Place To Hold 1964 Political Parleys
4 .5
Chicago -il'PIt- Chicago is the traditiunal and inherently full j kind of mystery factor at this
best place to hold both the Re-1 of politics, not to mention stage.
publican and Democratic 1964
political conventions and it's
not too early to start attract
ing thejn, a man who has
been trying to do just that
said today.
"We think we can swing
both of them," said Harry C.
Kipke, former University of
Michigan football coach and
president of the Chicago Con
vention Bureau.
"But we" can't be too opti
mistic at this point," Kipke
added, sounding a little like
a coach before a game.
Attracting one national po
litical convention involves
months of negotiations and
perhaps more than a little behind-the-scenes
maneuvering.
To attract two you double the
effort.
Machinery Intricate ,
The machinery for getting
a convention is intricate and
Chicago attracted both con
Gerald , ventions in 1952 but only one
executive director j each in 1956 and 1960.
"We lost the Democrats in
1960 to Los Angeles," Sander
son said, "because of the cor
rect political climate."
Chicago, Sanderson said,
has had more political conven
tions than all the other cities
put together. Citizens here
abouts feel they are worth
going after, despite the fact
that other, non-political con
ventions bring in more visi
tors. Expenditure Not Estimated
"It's a prestige thing," Kip
ke said. "Nobody would be
able to set a value on the
publicity Chicago derives by
having news stories go out all
over the world under a Chi
cago dateline."
Neither Kipke nor Sander
son estimated how m u c h
economics.
Kipke's associate,
Sanderson,
of the convention bureau, ex
plained how it works.
Both parties, he said, name
site committees "and these
will be chosen pretty soon."
These committees, operating
independently, shop around
for the best convention city
and reach a decision, "which
we expect in mid-April."
Both committees, Sander
son said, use a six-point selec
tion chart. The points include
hotel space, the meeting site,
transportation, press accom
modation, financial structure
and "correct political cli
mate." "This last item might
amount to 9B per cent of the
reason for selecting a certain
city," Sanderson said. "It's a
money would be needed to
win either or both conven
tions. Chicago put out $400.
000 in I960 to get the Repub
licans. The money went for
such things as decorations,
printing and staffing of the
convention headquarters.
"Chicago will put up what
ever is needed," Kipke said,
"and we feel sure we can com-
, CLEARED OF CHARGE
Baker -iUPI- Lovern Elmer
I Jackson, 32, former operations
pete against any other city." Sanderson thought c'll-! offlccr ol tne v- s- National
The convention site could Icago's chief competition would I Bank hcre: has bccP e'eared of
be either the International i come from Dallas, Miami!
Amphitheatre or McCormick
Place, Chicago's new lake
front exposition hall. Mc
Cormick Place is committed
for pails of July and August,
1964. but the Amphitheatre is
open throughout the June
through - August convention
period.
i a state charge of embezzle-
i ment. Circuit Judge W. F.
FREE! S1C0
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By. SYLVIA PORTER
Copyright, Hall Syndicate, Inc.
DISMAL HISTORY OF DEFICITS AND DEBT
The odds that the federal government will end up the
current year with a budget deficit of "only" 7.8 billion are
minimal.
The mid-year budget estimates (synonym, guesses) almost
always have been wrong by millions of dollars both on in
come and outgo. There is scant basis for believing the Budget
Bureau's guess on Nov. 13, 1962, will be the exception and
turn out on July 1, 1963, to have been on the nose. Rather,
the probabilities are:
(1) The budget deficit for this fiscal year 1963 will be
- considerably larger than $7.8 billion - even without counting
in a multi-billion dollar boost in defense spending already in
the works and without considering losses to the Treasury
from lax reductions.
(2) The budget deficit in this fiscal year and or the next
well may be higher than the record peacetime deficit of
S12.4 billion chalked up by President Eisenhower in 1959.
Without stretching themselves, informed observers can
reach a figure of S15 billion or more.
(3) The budget is on its way, to an all-time peak for war
or peace. So is the national debt. So is interest on the nation
al debt. So is the legal ceiling on the national debt.
Against this background President Kennedy will
have to fight hard to get Congress to approve the lax
slashes he and an extraordinary broad cross-section of
experts believe are essential if our economy is to swing
back into a strong, solid upturn. This he is prepared
to do, though, and if he wins and the upturn develops,
then and only then will the dismal history of deficits,
debts and interest burdens of this entire generation be
reversed.
In case you've forgotten, here's that record. In millions
' of dollars.
Year
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
19K1
1962
1963
1964
Budget deficit
or surplus
S 737
- 462
- 2.735
- 2,602
- 2,630
- 2,791
- 4.425
- 2,777
- 1,177
- 3,862
- 3,918
- 6,159
-21.490
-57.423
-51,423
- 53.941
20.676
guess)
754
8.419
- 1,811
- 3.122
3.510
- 4,017
- 9,449
3.117
- 4.180
1.626
1.596
- 2.819
- 12.427
1.224
- 3,856
- 6.300
- 7,800
National
Debt
$ 16,185
16.801
19.487
22,539
27,734
32.824
38,497
41.089
42,018
45,890
48,497
55,332
76.991
140,796
202,626
259,115
269.898
258.376
252,366
252,798
257.377
255,251
259,151
266,123
271,341
274.418
272,825
270,634
276.444
284,917
286,471
288,861
298.211
now) 302,293
?
Interest paid
on debt
$ 659
612
599
689
757
821
749
866
926
941
1,041
1,111
1.260
1,808
2,609
3,617
4,722
4.958
5,211
5,339
5,750
5,613
5,859
6,504
6.382
6.370
6,787
7,244
7.607
7,593
9,180
8.957
9,140
(est.) 9,700
?
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