Balanced Budget - Back in 1955

Balanced Budget - Back in 1955

Balanced budgets have been something people and politicians have fought over for decades. During research for an interesting article, I found a few newspaper articles dating back to the Eisenhower administration and his quest to balance the budget or not. For those who are looking at presidential candidates today and wondering how a balanced budget can happen, it can be interesting to take a step back to see what the thoughts were years ago.

In an article in the Lawrence Journal - World, the author discusses the need to move slowly when balancing the budget. According to the article, questions were raised as to why the budget was not balanced. The difference in balancing or not was just $1.5 billion, a far amount less than the lack of balancing the budget today. However, there were concerns brought up.

For example, Congress passed a bill that year which cut into taxes that US citizens paid. While no one was complaining about paying less in taxes, many wondered why something like this would even be offered if, in fact, it was not possible to balance the budget. Further cuts to expenditures would sacrifice the functions of the government.

It seems that the opinions on balancing budgets have gone on for many years. As we look forward to this year's election and the balancing of this year's budget (or not) many voters will be wondering why it is possible to move forward with a budget that is not balanced. As citizens, everyone has an opinion, and it seems we have always had these varied opinions.