New York, Aug. 31—The sequence, allowing certain liberties in presentation, is approximately as follows.
A Democratic President, elected by the largest plurality in American history, presents a program to a Democratic House of Representatives and a Democratic Senate which calls for huge federal expenditures for military and domestic programs. Five years later, the Democratic President withdraws, and in the ensuing election a Republican is elected who pledges to put an end to deficit spending and to inflation. At that election, the voters return a majority of Democrats to Congress.
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