Harry Truman actually said...

"The time for tax reduction will come when general inflationary pressures have ceased and the structure of prices is on a more stable basis than now prevails."

"In the face of these facts, common prudence demands a realistic and conservative management of the fiscal affairs of the Government."

"The timing of such a program is highly important to achieve economic stability, to promote the investment of capital, and to maintain employment, purchasing power and high levels of production."

"I am deeply concerned about this subject, especially in view of the recent accidents to aircraft of our certified domestic air carriers."