Richard Nixon: “The average weekly pay buys less than it did three years ago.”

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.

It is essential that we move ahead to revitalize the global trading system through multilateral negotiations.

I have done my very best in all the days since to be true to that pledge.

Further study is essential if we are to avoid ineffective Federal spending for these purposes.