This way of measuring our deficit does not reduce our need for further action.
Lyndon Johnson
The Public Record
Lyndon Baines Johnson was the 36th President of the United States, serving from 1963 to 1969. A member of the Democratic Party, he was born in Texas and began his political career as a U.S. Representative in 1937, later becoming a U.S. Senator in 1949. Johnson ascended to the presidency following the assassination of John F. Kennedy, and his administration is noted for significant domestic policies, including the Great Society programs aimed at eliminating poverty and racial injustice. His legislative achievements included the Civil Rights Act of 1964 and the establishment of Medicare and Medicaid.
The state of the dollar in the world today is strong--far stronger than three or four years ago.
But we cannot--and do not--assume that the world's willingness to hold dollars is unlimited.
The contribution of American capital to the world's growth and prosperity has been immense.
The dollar is, and will remain, as good as gold, freely convertible at $35 an ounce.
We reaffirmed our belief that peace and progress in Asia are prerequisites to peace in the whole world.
I am today sending the 89th Congress a message on the number one business on this Nation's agenda, and that is the education of our young people.
Every child must be encouraged to get as much education as he has the ability to take.
It was something over $4 billion in the budget when I took office; the '64 budget.
Under his leadership we have taken a harder look at the kinds of things we are asked to support, and at the performance of the countries which ask for assistance.
We must undertake that work ourselves through practical, prudent and patient programs--to put more firmly in place the foundation for the healthiest, happiest and most hopeful society in the history of man.
An attention to health has contributed to the vitality and efficiency of our system as well as to the happiness and prosperity of our people.