Economy

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 proposed to reduce the expenditures by $3 billion.

We have now enjoyed 6 years of unprecedented and rewarding prosperity.

We have built a strong economy that has put almost 3 million more Americans on the payrolls in the last year alone.

But on the whole I believe that generally there are more people working today than have ever worked before.

If the revenue picture continues to be favorable, a tax increase may not be necessary.

There has been a very healthy movement toward price stability in recent weeks on the economic front.

Transportation is the biggest industry we have in this country.

Far too many citizens on social security-more than one-third of the total-exist on incomes below the poverty line.

Our new minimum wage law, in my judgment, will bring a larger piece of this country's prosperity, and a greater share of personal dignity, to millions of our workers, their wives, and their children.

The straight fact is that a fair minimum wage doesn't hurt business in any way.

Today we have met here in the Cabinet Room to see the President sign into law a new minimum wage.--One dollar and sixty cents an hour.

The new minimum wage--$64 a week--will not support a very big family.

Until today, minimum wage laws benefited some 30 million workers.

Maybe we ought to try to get by with some baling wire, patch things up, to get by during this particular period when there is such pressure on our economy.

The day will come when regularly employed speculators will find out that their speculations are just pure speculation and nothing else.

We are not going out of the securities market.