“Government spending has been cut by more than ten billion dollars. Nearly three hundred thousand positions have been eliminated from the Federal payroll. Taxes have been substantially reduced. A balanced budget is in prospect. Social security has been extended to ten million more Americans and unemployment insurance to four million more.”
https://www.eisenhowerlibrary.gov/sites/default/files/file/1956_state_of_the_union.pdf
That’s what is necessary now, multiplied by a hundred or so.