Now, this new law will obviously save people money, and it will also create jobs because consumers will have more of their paycheck to keep and to sp… - Jimmy Carter

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Now, this new law will obviously save people money, and it will also create jobs because consumers will have more of their paycheck to keep and to spend for goods that we produce. It's also going to save a lot of headaches next April, because 75 percent of all taxpayers will be able to take a standard deduction and compute their taxes on one side of one sheet of paper in one step. So, the multiple goals of economic strategy reinforce one another, they work together. The strategy is designed to cut unemployment to below 5 percent by 1981; to work with business and labor, together, to knock 2 percentage points off the inflation rate by the end of 1979; and by the higher revenues that growing employment will bring, to achieve a balanced budget in fiscal year 1981. Again, I want to stress two points about our economic policies because it's important for you and all Americans to understand. One point is that we aim to balance the budget in 1981 in a strong and healthy economy, with the revenues that come into the Government when people are employed and our industrial capacity is being used. It's not legitimate spending on human needs that causes Federal deficits. It's principally the inadequate revenues that come in from a sluggish economy that create those deficits. Understanding that is a very good move in the right direction. Cutting back programs that really help people is not the way to balance the budget. But even with adequate revenues, we'll still have to make some hard choices about how we spend the taxpayers' money. We can't afford to do everything. The other important point I want to make about the economy is that I'm inalterably opposed to fighting inflation by keeping unemployment high and factories idle. This has been done too much in the past. That approach has been proved in the last 8 years to be economically ineffective and morally bankrupt. If the economy should falter during the years ahead, I will not hesitate to propose the economic and budgetary measures needed to get the economy going again. And you can depend on that.

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About Jimmy Carter

James Earl Carter, Jr. (October 1, 1924 – December 29, 2024) was an American politician and member of the Democratic Party who served as the 39th president of the United States from 1977 to 1981. In 1982 he established the Carter Center, as a base for promoting human rights, democracy, finding peaceful solutions to international conflicts, and advancing economic and social development, for which he was awarded the Nobel Peace Prize in 2002. He was a key figure in the Habitat for Humanity project, and has been noted for his criticism of Israel's role in the Israeli–Palestinian conflict.

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Also Known As

Birth Name: James Earl Carter Jr.
Alternative Names: James E. Carter James Carter James Earl Carter 39th President of the United States James E. Carter Jr. James Earl Carter, Jr. James E. Carter, Jr.
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Additional quotes by Jimmy Carter

Yes, not with the PLO; we have no contact with the PLO. But with Jordan and with Syria, with Lebanon and, in a supportive role, with the Saudi Arabians and others, we have played, I think, an adequate role. At the time we discovered that President Sadat was going to make a proposal to go to Jerusalem, we immediately began to use whatever influence we had available to us to encourage the other nations not to condemn President Sadat. This particularly applied to Saudi Arabia, to Jordan, to the European countries, to the Soviet Union, and to Syria. In some instances, either they decided not to condemn him or our influence was successful. We would like very much to keep any of the nations involved in the immediate Middle Eastern discussions from rejecting an ultimate peace settlement and withdrawing from the prospect of going to Geneva. This includes, of course, Prime Minister Begin and President Sadat. They have not rejected the concept that there must be a comprehensive settlement. In the meantime, we don't see anything wrong; in fact, we look with great favor on the bilateral negotiations between Israel and Egypt. In the meantime, we are trying to induce the Syrians, the Lebanese, the Jordanians, and, as I say again, in a supporting role, the Saudis and others, to support both the ongoing negotiations that will continue from Jerusalem into Cairo and also to avoid any condemnation of Sadat that might disrupt his influence and put an obstacle to peace in the future. That's about all we can do. We have no control over any nation in the Middle East. When we find the progress in the Middle East being stopped, we use all the initiative that we can. When we see progress being made by the parties themselves, we support them to move on their own. I think it's much more important to have direct negotiations between Egypt and Israel than to have us acting as a constant, dominant intermediary. I think this is a major step in the right direction. We hope later that Jordan and Syria and Lebanon will join in these discussions, either individually or as a comprehensive group, dealing with Israel directly.

Thomas Jefferson, in the original days of our country, said he was fearful that the church might influence the state to take away human liberty. Roger Williams, who created the first Baptist church in America, was afraid that the church might be corrupted by the state. These concerns led to our Constitution’s First Amendment, which prohibits the establishment of any official state religion and, in the same sentence, prohibits the passing of any laws that might interfere with religious freedom.

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