THE BUDGET: The Test of Necessity

This budget carries out the policy of this Administration to move toward reduced taxes and reduced Government spending as rapidly as our national security and well-being will permit . . . Government must play a -vital role in maintaining economic growth and stability. But I believe that our development, since the early days of the Republic, has been based on the fact that we left a great share of our national income to be used by a provident people with a will to venture. Their actions have stimulated the American genius for creative...

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