Budget

We have increased the budget for the Administration on Aging tenfold.

The commitment of this Administration to continued progress toward that goal is clearly reflected in the array of programs which I have detailed in my latest Budget Message.

We urgently need an absolute limit on Government spending.

This budget expresses our fiscal program for the New American Revolution-a peaceful revolution in which power will be turned back to the people.

This could bring about bank loans during Fiscal Year 1972 of $94.5 million to telephone borrowers--and the 1972 budget assumes timely enactment of this legislation.

It will be a full employment budget.

I AM TODAY signing H.R. 17923, the Department of Agriculture and Related Agencies Appropriation Act, 1971, even though it adds $342.5 million in budget authority and a similar amount in budget outlays to the amounts I requested for fiscal…

It is very important, of course, that his successor in the meantime be immediately designated so that he can participate in the budget decisions, or at least in the process, and be informed of that, and so that there will be no break in…

But we do plan definitely to withhold $1.1 billion, or to defer it.

One of the handicaps we have is the appropriation bills came the latter part of the year.

We propose to reduce the program level not by $3 billion, but by $5.3 billion.

We plan definitely to withhold $1.1 billion, or to defer it.

We are trying to withhold the appropriated funds that Congress gave us to the extent of $1 billion.

We proposed to reduce the expenditures by $3 billion.

We have impounded, or withheld, $750 million.

I will ask Mr. Komer to come down late Sunday or Monday to go over that entire proposal and we will try to have that costed out for the next few months.

It appears that we will actually have a cash surplus this year.

It is not my intention to defer or eliminate the essential; for example, travel for law enforcement, or for necessary supervision of field establishments, are costs which--if the activities are to be carried on efficiently-must be borne.