Mr. Vice President, I think it is no wonder that so many Presidents have cheerfully and gratefully been the guests of the Anti-Defamation League. For… - Lyndon B. Johnson

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.

For, if the Peace Corps' 6 percent savings were Government-wide, if each department and agency were to make the same savings that you have made, the total savings in our Government budget would be roughly $6 billion. But this is not your proudest accomplishment, important as it is. Far more significant is what the Peace Corps has meant to the life and the vitality of a free society in which the ultimate responsibility rests upon the individual. By your decision to serve and by the deeds of your service, you have shown that the ideals which gave this Nation birth and brought her to greatness are still burning. for that, all of us, each of us everywhere in this country, are deeply in your debt. I am so pleased that you could come here and visit. I hope you enjoy the Rose Garden.

The fourth area of increasing strength is in the development of new weapons for deterrence and defense. In the past several years we have begun many important new weapons systems. Minuteman II will have twice the accuracy of the first Minuteman. The new Nike-X, when its development is completed, will give us the option to deploy, if national security requires it, the best anti-ballistics missile available to any nation. We are developing a new aircraft, the F-111, with much greater range, payload, and ability at air combat than present tactical bombers or fighters. The Lance missile, the EX-10 torpedo, the A7A attack aircraft, a new main battle tank, new anti-tank missile system, are the emerging products of development that we are carrying on. And that effort is without parallel in all the world. We will continue to carry forward new projects which offer hope of adding substantially to our strength. I can assure the American people that the United States is, and will remain, first in the use of science and technology for the protection of the people.