On the recordOctober 6, 1972
A vote against the spending ceiling could prove to be a vote for higher taxes.
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presidency.ucsb.eduA vote against the spending ceiling could prove to be a vote for higher taxes.
Radio Address on Federal Spending
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This was a serious act of omission for which I take full responsibility and which I deeply regret.
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.
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 invite the Governors of the States and of the Commonwealth of Puerto Rico and other officials at the local level to issue similar proclamations.