However, unacceptably high inflation remains our most difficult economic problem.

The growth of budget outlays has been more the result of economic factors than the cause of them.

There is hereby established a Food Security Wheat Reserve composed of a reserve stock of wheat, which shall not exceed four million metric tons.

This budget provides for meeting these needs, while continuing a 4-year policy of prudence and restraint.

I think it's a good document.

This is a very stringent budget.

By the authority vested in me as President by the Constitution and statutes of the United States of America, including the Hostage Relief Act of 1980.

I am not recommending such actions, because persistent inflationary pressures dictate a restrained fiscal policy.

Maintaining a strong defense has been a primary objective of this administration.

I have signed today an Executive order which establishes a comprehensive Federal policy on the export of hazardous products and substances that have been banned or significantly restricted for use in the United States.

I believe that the Congress will act affirmatively on the basic premises of this document.