On the recordDecember 21, 1971
We can now confidently say that 1971 is ending on a most encouraging economic note and that 1972 will begin as a year of great economic promise.
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presidency.ucsb.eduWe can now confidently say that 1971 is ending on a most encouraging economic note and that 1972 will begin as a year of great economic promise.
Statement on Signing the Economic Stabilization Act Amendments of 1971.
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I am pleased that in this bill the Congress has expressed support for our objectives by authorizing $22.2 billion for military procurement purposes during fiscal year 1975.
I firmly believe that our current fiscal situation demands national unanimity on the issues of a larger concern.
A number of provisions authorize spending for unneeded equipment and could thus inflate defense spending unnecessarily at a time when we all should recognize the need to avoid waste.