I strongly urge the Congress to respect the full-employment spending guideline this year, just as business and labor are expected to respect wage and price guidelines set forth to protect the earning and buying power of the American worker and consumer.
Annual Budget Message to the Congress, Fiscal Year 1973.
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This legislation exceeds my budgetary recommendations by such a large amount--some $540 million--that it presents a clear and distinct threat to our fight against inflation and cannot be accepted.
It is essential that we move ahead to revitalize the global trading system through multilateral negotiations.
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