I suggest that all departments and agencies administering loans, loan guarantee and insurance programs (including related grant programs) be guided by the principles outlined in the Report in administering their present programs and especially in proposing any new or expanded credit authority.
Memorandum on the Report of the Committee on Federal Credit Programs.
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And to weaken and water down the pending program, to confuse and confine its flexibility with rigid restrictions and rejections, will not only harm our economy, it will hamper our security.
I hope in the year 1963 we will again take stock of the needs of the country over the next decade and we will begin today, this year, this decade, the things which will make this country a better place to live in for the rest of this century.
Our goal is the development of the most efficient, economic, and the safest transportation system for all of our people.
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