PAGE TWO Budget Heads for $7.8 Billion Deficit WASHINGTON W,- The Ken nedy administration said yester day the federal budget is headed for a $7.8-billion deficit—the sec ond largest in peacetime. ■ ■THE FIGURE is somewhat higher than/ officials had indi cated earlier. And it was a far cry .'join the January forecast of a '""XO-rriillion surplus. A Budget Bureau announce ment placed most of the responsi bility for the sea of red ink oh Congi «-K:.. a sluggish economy, and' the 'administration's own chan'g esjn tax policy. Emphasised was an official view that the big deficit would jnotl damage the economy. "WITH THE existing level of and unused plant capacity." the Budget Bureau said, “the deficit is neither lnfla- Chinese Call *K‘ Soft on Capitalism HONG KONG Chinese Communist officials have told Westerners in Hong Kong that Soviet Premier Khrushchev is an opportunist, a weakling and a bailor to the Communist cause. Those are surprisingly frank changes for Chinese Communist officials to make They- indicate Soviet-Chinese relations have taken a for the worse. Criticism of ■ Khrushchev and •his allegedly ‘‘soft’’ policies to ward the West hast been growing iin Red China over the past few months. An official'was quoted as say ing Khrushchev pulled back from his Cuban adventure not for fear Of possible American reaction but for fear of what the Russian peo ple would do. ‘‘lf .there is war the Soviet gov ernment will be destroyed by th- Russian people and not American nuclear bombs." the official add ed. New College Diner Downtown Between the Me ••let The Penn State Jazz Club LAMBERT Sunday, Nov. 18 Schwab Auditorium 8:00 P. M. The unique new sounds of Lambert,. Hendricks, and Bavan have brought them much recognition in the jazz world. Their surrealistic, free-riding sounds have earned for them the title of “The James Joyces of Jive.” the special, distinctive identity of the style which the group has evolved is most evident ,in their imaginative lyrics and ingenious verbal patterns. Tickets or Sale This Week Outside lion’s Den ... $1 tionary or dangerous'to our bal-led national debt also played a once of payments position.” I part, adding' $4OO million to the -Cuba had little impact on the 1 spending forecast. I revised estimate for the 1963 fis-1 Surprisingly, the revised figures cal year that began July 1. The shewed.no change in military out bureau said that if the situation { lays, still figured at $48.51 billion. E™- “ the rou * hest kind - of i'!ndS iIU^SWtIEaKS - flc „ la „, - blockade and related activities, put at 535.9 billion—s7.r billion lower than the | n «l foreseen j ? ) JSSS? t,on 5 ClvU Defense when President Kennedy first sent the budget to Congress tost]^^^ January. The bureau said the IJ.f'n * re ‘ aU ely optimis sharp drop was due to "the slaw- bureau aid a cross J&- er-than-expected rate of economic tjona j product—the value of total anEe3 in m ba ' s I output—is estimated now in the and regulations. . range of $554 bUlion for 1962. R -ORD PEACETIME spend- = ing of 193.7 billion was predicted. <■_•■ i This is si-2 billion ; higher than Apnl Astronaut Named the January forecast—an increase CAPE. CANAVERAL, Fla. (JP) attributed to congressional chang- —Astronaut Leroy Gordon Coop es in administration hills to boost • er Jr. yesterday was named pilot postal rates and . overhaul the j for the next U-S.'manned space farm program. Higher interest j flight, a one-day mission - sched chaiges on a bigger-than-expect-.'uled next April. presents • \HENDRICKS , THE DAILY COLLEGIAN. UNIVERSITY PARK. ■ PENNSYLVANIA \& BAVAN Red Offer Includes Quanfanamo Base— (Continued from page one) (veation was no long» vitally . . , 1 necessary for maintenance of was qiioted as expressing support, ld pe a C e; Castro failed to give ss -tt 1 to Authoritative sources said in I So far in complying with XJ.S. Geneva that the International j demands. 42 missiles have been Committee of the Red Cross had I taken,out of Cuba,-but the medi decided not to take part in‘ the!um range borribers still remain, inspection of i Cuba-bound ships ; The Soviets at* the, U.N., have because two of its basic conditions 1 claimed that the' latter are now a were not met: Red Cross inter- cart of the Cuban Air Force. NOW SHOWING ,4>’ ;' 1 « 1 : ' 1 # 'By DEE ;ARIN MWNEPdE‘»LW' —CffltlW-SIWfPOWfIiS - tMMfiqtitansKßsS'tMMVimuEm ftHwOtWßlWß’lfchirWHwßwrnaw^^fflH Cathaum She was so BOSTON inPOBMC... and so FRENCH ln™ vME WEDNESDAY. NOVEMBER 14. 1962 Feature Begins l:30-3:30'5:30-7:30-9:3<J ...“But What 'JSt Sit HOOT ***> rnktm^
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