Harry Truman actually said...

"A time of high employment and high prices, wages, and profits, such as the present, calls for a surplus in Government revenue over expenditures and the application of all or much of this surplus to th..."

"Despite many gloomy predictions, there is no convincing evidence that a recession is imminent."

"As long as business, employment, and national income continue high, we should maintain tax revenues at levels that will not only meet current expenditures but also leave a surplus for retirement of th..."

"Tax reduction now would increase inflationary pressures."