For my part, I pledge a progressive administration which is efficient, and honest and frugal. The budget to be submitted to the Congress shortly is i… - Lyndon B. Johnson
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For my part, I pledge a progressive administration which is efficient, and honest and frugal. The budget to be submitted to the Congress shortly is in full accord with this pledge. It will cut our deficit in half--from $10 billion to $4,900 million. It will be, in proportion to our national output, the smallest budget since 1951. It will call for a substantial reduction in Federal employment, a feat accomplished only once before in the last 10 years. While maintaining the full strength of our combat defenses, it will call for the lowest number of civilian personnel in the Department of Defense since 1950. It will call for total expenditures of $97,900 million--compared to $98,400 million for the current year, a reduction of more than $500 million. It will call for new obligational authority of $103,800 million--a reduction of more than $4 billion below last year's request of $107,900 million. But it is not a standstill budget, for America cannot afford to stand still. Our population is growing. Our economy is more complex. Our people's needs are expanding. But by closing down obsolete installations, by curtailing less urgent programs, by cutting back where cutting back seems to be wise, by insisting on a dollar's worth for a dollar spent, I am able to recommend in this reduced budget the most Federal support in history for education, for health, for retraining the unemployed, and for helping the economically and the physically handicapped. This budget, and this year's legislative program, are designed to help each and every American citizen fulfill his basic hopes--his hopes for a fair chance to make good; his hopes for fair play from the law; his hopes for a full-time job on full-time pay; his hopes for a decent home for his family in a decent community; his hopes for a good school for his children with good teachers; and his hopes for security when faced with sickness or unemployment or old age.
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Lyndon B. Johnson
Lyndon Baines Johnson (27 August 1908 – 22 January 1973), often referred to by his initials LBJ, was an American politician. After a long career in U.S. legislatures, Johnson became the vice president of the United States of America under John F. Kennedy, from 1961 to 1963. A Democrat, Johnson became the 36th U.S. president in 1963, after Kennedy's assassination. He served in the role until 1969.
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Also Known As
Native Name:
Lyndon Baines Johnson
Also Known As:LBJ
Alternative Names:
Lyndon Johnson
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President Johnson
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L. B. Johnson
I was informed this afternoon by the distinguished Secretary of the Treasury that his preliminary estimates indicate that our balance of payments deficit has been reduced from $2.8 billion in 1964 to $1.3 billion, or less, in 1965. This achievement has been made possible by the patriotic voluntary cooperation of businessmen and bankers working with your government. We must now work together with increased urgency to wipe out this balance of payments deficit altogether in the next year. And as our economy surges toward new heights we must increase our vigilance against the inflation which raises the cost of living and which lowers the savings of every family in this land. It is essential, to prevent inflation, that we ask both labor and business to exercise price and wage restraint, and I do so again tonight. I believe it desirable, because of increased military expenditures, that you temporarily restore the automobile and certain telephone excise tax reductions made effective only 12 days ago. Without raising taxes—or even increasing the total tax bill paid—we should move to improve our withholding system so that Americans can more realistically pay as they go, speed up the collection of corporate taxes, and make other necessary simplifications of the tax structure at an early date.
All I have I would have given gladly not to be standing here today. The greatest leader of our time has been struck down by the foulest deed of our time. Today John Fitzgerald Kennedy lives on in the immortal words and works that he left behind. He lives on in the mind and memories of mankind. He lives on in the hearts of his countrymen. No words are sad enough to express our sense of loss. No words are strong enough to express our determination to continue the forward thrust of America that he began.
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The second area of increasing strength is our ability to fight less than all-out war. In the past 3 years we have raised the number of combat ready divisions 45 percent. They can he moved swiftly around the world by an airlift capacity which has increased 75 percent. Supporting tactical aircraft have been increased over 30 percent and the number of tactical nuclear warheads in Europe has been raised 60 percent. We, and our NATO allies, now have 5 million men under arms. In addition, we are now ready to mobilize large reserves in the event of conflict. Six divisions, with all supporting units, can be moved into action in a few weeks. And we are continuing to build our forces. In a few years our airlift capacity will be five times what it was in 1961. Advanced weapons and equipment are flowing to our armies. Our fleet is being modernized through a decade-long shipbuilding program. And new tactical aircraft are being built.
