The President's News Conference
09/15/1974
https://www.presidency.ucsb.edu...
Income and wealth are not produced in Washington, they are only redistributed there.
The budget is the President's blueprint for the operation of the Government in the year ahead.
We have stabilized international relationships and created the framework for global progress.
When I took office in 1974, I found many of our regulatory laws outdated and unintelligible.