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SOT Pres. Harry S. Truman continues his speech at the laying of the cornerstone for the General Accounting Office: "One of the benefits of using the pay-as-you-go approach is that it results in a tighter check on expenditures. It is so unpleasant to increase taxes that before doing it we try to hold down on expenditures wherever we can. And that is the way it ought to be. All I ask is that we do not cut our expenditures to the point where we lose more than we gain. We must not be penny wise and pound foolish. I don't want to lose a horse by being too stingy to buy a strong enough rope to hold him, or have him starve to death because I am too stingy to buy the oats and corn to feed him."