Economy

During those 2 months we spent $676 million less than we spent last July and last August, a year ago

I said I will say to the taxpayers of this country I am going to give you a dollar's value for every dollar spent.

I know something about the economy of this State and the problems of this State.

We passed the biggest tax cut, a $12 billion tax cut, in the history of the Nation.

This year, for the first year in many years, I reduced the Federal budget $1 billion under last year

I am happy to say to you now that I am employed full time right now.

The crucial fact is this: a 'cut cost' policy does not mean a 'do-nothing' policy.

The Democrats say, 'Put your hand on the throttle and full speed ahead.'

We never want to go back to the farm-led and farm-fed depression days.

The Federal debt will be lower in relation to gross national product than at any time since 1941.

Interest-bearing loans have replaced grants as the chief mechanism for assistance.

Fiscal 1963 saw the beginning of significant economies in the management of aid programs by the Agency for International Development.

And I intend, as long as I am President, to make sure that the American Government is a model of prudence and economy, and that doesn't mean that we are going to neglect the sick or forget the unemployed.

Average manufacturing earnings have risen nearly 16 percent, and weekly earnings in the primary metals industry have jumped 23 percent.

The fact is that wages are higher, employment is higher, profits are higher, and the economy is stronger than at any time in American history.

This year, for the first time, we have broken the barrier of 70 million jobs, and right now we are creating additional new jobs at the rate of 100,000 every month.

A recession today, like those of the 1950's, would mean a loss of $20 billion a year in production, a loss of 1 1/2 million jobs, a 40 percent rise in unemployment.

We will not return to declining employment at home and declining prestige abroad.