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4525772
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Lincoln Day Speech, Public Finances, February 12, 1962
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4525772
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document
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Lincoln Day Speech, Public Finances, February 12, 1962
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Gerald R. Ford Congressional Papers
Speeches
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State of the union messages
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4525772
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1962-02-28
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1962
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1962-02-01
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2
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1962
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The original documents are located in Box D15, folder "Lincoln Day Speech, Public
Finances, February 12, 1962" of the Ford Congressional Papers: Press Secretary and
Speech File at the Gerald R. Ford Presidential Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. The Council donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Lencoln Day
speechle
1962
The President S State of the Union message was a document that included
something for everybody with no real concern for the taxpayer or the fiscal
stability of the nation. It reminded me of something else--an article I
recently read, "The Aerosol Age, on push-button spray cans:
A chemically-created sales scent is enticing super-market
customers toward particular display counters. Odors that can be
sprayed from cans include chocolate, vanilla, banana, lemon, licorice,
fresh bread, tobacco, and hickory barbecue. They re counted on to
sharpen shoppers buying impulses.
Everyone could find their favorite flavor in the President S message.
The starry-eyed architects of the New Frontier had sprayed it with sweet
scented proposals, hoping their heady aroma would beguile the Congress and
the people into buying them all.
The message called for Federal pay increases, more unemployment pay,
mass transit, urban renewal, conservation, recreation, air pollution, new
health programs, new educational programs, more subsidies for farmers,
and even subsidies for industry.
It boils down to this: An expected upsurge in business may give the
government $11 billion added revenue in the coming year. Now when a nation
is in debt, its taxes heavy, and the spending urge great, what does it do
with a windfall? It can make payment on its debt, it can reduce the tax
burden, it can spend it on new programs--or a little of each. The=President
earmarks the whole amount for new spending, less than one-quarter of which
is for defense. If we hasten to squander every gain in advance, what do we
do when comes a rainy day?
FORD & LIBRARY GERALD
Digitized from Box D15 of The Ford Congressional Papers: Press Secretary and Speech File at the Gerald R. Ford Presidential Library
-2-
The real dynamite in the message, however, is the demand for new powers
for the President -- more power to lower or abolish tariffs on foreign imports --
power, hitherto undreamed of, to lower and raise taxes -- power to launch
public works, To spend public funds by "Inehdor spenting."
We fought the Revolution to take the taxing power from the King and put
it in the hands of the people S representatives. What a lovely campaign
weapon it would be for a President to lower taxes just before election, or
hand out million-dollar public projects to doubtful states at his own sweet
will, as cassually and with less restrictions than he now appoints postmasters.
Thout croin of "legalative authority."
torportite from 8 govt
check & balances.
President wants to put more control in
Excutive - where only / person nt
of 2.4 t 2.8 or 5 million stands
for election every 4 yrs.
Forthe protection of our cityins it is
QERALD FORD LIBRARY
constitutionally granted authority.
better In ligisature I return
437 1 yes.
100 - 6 yrs,
The President's State of the Union message was a document that included
something for everybody with no real concern for the taxpayer or the fiscal
stability of the nation. It reminded me of something else--an article I
recently read, "The Aerosol Age," on push-button spray cans:
"A chemically-created 'sales scent' is enticing super-market
customers toward particular display counters. Odors that can be
sprayed from cans include chocolate, vanilla, banana, lemon, licerice,
fresh bread, tobacco, and hickory barbecus. They're counted on to
sharpen shoppers' buying impulses."
Everyone could find their favorite flavor in the President's message.
The starry-eyed architects of the New Frontier had sprayed it with sweet
scented proposals, hoping their heady aroma would beguile the Congress and
the people into buying them all.
The message called for Federal pay increases, more unexployment pay,
mass transit, urban renewal, conservation, recreation, air pollution, new
health programs, new educational programs, more subsidies for farmers,
and even subsidies for industry.
It boils down to this: An expected upsurge in business may give the
government $11 billion added revenue in the coming year. Now when a nation
is in debt, its taxes heavy, and the spending urge great, what does it do
with a windfall? It can make payment on its debt, it can reduce the tax
burden, it can spend it on new programs--or a little of each. The-President
earmarks the whole amount for new spending, less than one-quarter of which
is for defense. If we hasten to squander every gain in advance, what do we
do when comes a rainy day?
QERALD FORD LIBRAR
-2-
The real dynamite in the message, however, is the demand for new powers
for the President -- more power to lower or abolish tariffs on foreign imports --
power, hetherto undreamed of, to lewer and raise taxes -- power to launch
public works.
We fought the Revolution to take the taxing power from the King and put
it in the hands of the people's representatives. What a levely campaign
weapon it would be for 3 President to lower taxes just Before election, or
hand out million-dollar public projects to doubtful states at his own sweet
will, as cassually and with less restrictions than he now appoints postmasters!
FORD LIBRARY