Lyndon Johnson actually said...

At the State and local level we see responsibilities rising faster than revenues, while at the Federal level an average annual revenue growth of some $6 billion provides a comfortable margin for Federal tax reduction, Federal programs, and more generous help to State and local units.

10/27/1964

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More Lyndon Johnson Quotes

"It is very clear to me this morning... that the administrative budget deficit for this year will be very substantially below the $5.3 billion originally estimated."
"It is important, in this regard, that we continue to seek the advice of experts, both within and outside the Government, on the goals, priorities and accomplishments of these enterprises."
"This action at this time was required by the events of the time."
"We have much to be thankful for, generally speaking, much to be encouraged about."

View All Lyndon Johnson Quotes