Ask the Scholar
Document scope · 1 page
Scholar
Ask about this object, its catalog metadata, its source description, or the page inventory.
For page-specific OCR and visual context, open one of the page chats.
Scholar Source Context
Document identity
localId
4525947
label
Republican Fund-Raising Dinner, Cranston, RI, June 8, 1966
core
doc
dtoType
document
citationUrl
pageCount
1
Source metadata
id
4525947
sourceUrl
contentType
document
title
Republican Fund-Raising Dinner, Cranston, RI, June 8, 1966
citationUrl
collections
Gerald R. Ford Congressional Papers
Speeches
subjects
Great Society
Inflation (Finance)
Social security
iiifBase
thumbnailUrl
largeImageUrl
imageCount
1
hasImages
yes
source
import
hasTranscription
no
Source extras
naId
4525947
coverageEndDate
logicalDate
1966-06-30
month
6
year
1966
coverageStartDate
logicalDate
1966-06-01
month
6
year
1966
levelOfDescription
fileUnit
recordType
description
ocrSource
nara-archive
Single page context
seq
1
pageIndex
0
type
document
url
mediaId
bd14f6c620d6dbde
ocrText
The original documents are located in Box D20, folder "Republican Fund-Raising Dinner,
Cranston, RI, June 8, 1966" 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States of America his copyrights in all of his unpublished writings in National Archives collections.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.
Digitized from Box D20 of The Ford Congressional Papers: Press Secretary and Speech File at the Gerald R. Ford Presidential Library
NEWS
CONGRESSMAN
GERALD R. FORD
HOUSE REPUBLICAN LEADER
RELEASE
FOR RELEASE AT 6:30 P.M.--JUNE 8, 1966
SPEECH EXCERPTS--REPUBLICAN FUND-RAISING DINNER, CRANSTON, RHODE ISLAND.
President Johnson has promised the aged across-the-board increases in social
security payments, but this will hardly be the answer to their cost-of-living
problem. Our senior citizens now are suffering from Johnson-Humphrey inflation,
and as long as the Johnson-Humphrey Administration fails to promote price
stability the elderly will never catch up with Johnson-Humphrey prices.
Mr. Johnson has told the aged he will ask Congress next year to enact his
proposed boost in social security.
Meantime the oldsters who are living under Johnson-Humphrey inflation are
living on a promise and are being hurt cruelly by Johnson-Humphrey performance--
the steady rise in the cost of living.
Social security payments were increased an average of 7 per cent last year,
but this boost certainly did not make up for all the nibbles that inflation has
taken out of the dollar during the Johnson-Humphrey Administration. As a matter
of fact, more than half of that 7 per cent social security increase of 1965 will
be wiped out by Johnson inflation by the end of this year. Johnson-Humphrey
prices have been going up this year at the annual rate of nearly 4 per cent.
The Johnson-Humphrey Administration's inflationary policies are driving up
prices. Every American is having part of his income stolen by Johnson-Humphrey
inflation, but it is the elderly person living on a fixed pension who is being
hurt the most.
Congress has voted the elderly regular increases in social security payments,
but because of inflation their real income has not risen proportionately.
The couple who retired in 1950 and qualified for the then maximum $120 social
security benefit is now receiving $168.60 in Johnson-Humphrey dollars. But
because living costs have climbed 80 steeply, this couple actually has an
increase of only $6.67 a month in real income-not $48.60. In actual buying
power, this couple's $168.60 benefit check really amounts to $126.67.
The elderly are being beguiled by a President who does not know how to
promote a sound dollar and so casts them a few crumbs from time to time.
(MORE)
-2-
SPEECH EXCERPTS--INFLATION
The Republican Party offers the elderly performance, not promises. The
Republican Party has always advocated price stability and a sound dollar. The
dollar the Democrats inherited from President Eisenhower in 1961 now is worth
only 90 cents.
In his free non-defense spending cloaked by a pretense of economy, President
Johnson has become an accomplice of the silent robber, inflation.
The latest unemployment figures show a rise of 0.3 of 1 per cent to 4 per cent.
At the same time, Johnson-Humphrey prices continue to go up, continue stealing
dollars out of the pockets of the American people.
* * *
It is truly ironic that President Johnson has asked Congress for $3.2 billion
additional for Great Society programs in his fiscal 1967 budget and now is
castigating Democrats in Congress for loading it up with another $3 billion in
vote-buying gimmicks.
When he is telling the American people, in effect, is that they would be
better off with a Republican Congress because the Loyal Opposition is dedicated
to a sound dollar and constantly seeks to safeguard the taxpayer's money.
Fuel is being added to Mr. Johnson's inflation by the overwhelming Democratic
majorities in Congress. This should be proof positive to the voters that they
made a serious mistake in 1964 in letting the two-party system get out of whack.
The Loyal Opposition is loyal but it can't provide effective opposition if
the American people won't provide it with the troops.
From what I have seen and heard in my travels around the country I can only
conclude that the voters have seen the light and are going to put the two-party
system back on the right track in November.
###
NEWS
CONGRESSMAN
GERALD R. FORD
HOUSE REPUBLICAN LEADER
RELEASE
FOR RELEASE AT 6:30 P.M.--JUNE 8, 1966
SPEECH EXCERPTS--REPUBLICAN FUND-RAISING DINNER, CRANSTON, RHODE ISLAND.
President Johnson has promised the aged across-the-board increases in social
security payments, but this will hardly be the answer to their cost-of-living
problem. Our senior citizens now are suffering from Johnson-Humphrey inflation,
and as long as the Johnson-Humphrey Administration fails to promote price
stability the elderly will never catch up with Johnson-Humphrey prices.
Mr. Johnson has told the aged he will ask Congress next year to enact his
proposed boost in social security.
Meantime the oldsters who are living under Johnson-Humphrey inflation are
living on a promise and are being hurt cruelly by Johnson-Humphrey performance--
the steady rise in the cost of living.
Social security payments were increased an average of 7 per cent last year,
but this boost certainly did not make up for all the nibbles that inflation has
taken out of the dollar during the Johnson-Humphrey Administration. As a matter
of fact, more than half of that 7 per cent social security increase of 1965 will
be wiped out by Johnson inflation by the end of this year. Johnson-Humphrey
prices have been going up this year at the annual rate of nearly 4 per cent.
The Johnson-Humphrey Administration's inflationary policies are driving up
prices. Every American is having part of his income stolen by Johnson-Humphrey
inflation, but it is the elderly person living on a fixed pension who is being
hurt the most.
Congress has voted the elderly regular increases in social security payments,
but because of inflation their real income has not risen proportionately.
The couple who retired in 1950 and qualified for the then maximum $120 social
security benefit is now receiving $168.60 in Johnson-Humphrey dollars. But
because living costs have climbed so steeply, this couple actually has an
increase of only $6.67 a month in real income-not $48.60. In actual buying
power, this couple's $168.60 benefit check really amounts to $126.67.
The elderly are being beguiled by a President who does not know how to
promote a sound dollar and so casts them a few crumbs from time to time.
(MORE)
-2-
SPEECH EXCERPTS--INFLATION
The Republican Party offers the elderly performance, not promises. The
Republican Party has always advocated price stability and a sound dollar. The
dollar the Democrats inherited from President Eisenhower in 1961 now is worth
only 90 cents.
In his free non-defense spending cloaked by a pretense of economy, President
Johnson has become an accomplice of the silent robber, inflation.
The latest unemployment figures show a rise of 0.3 of 1 per cent to 4 per cent.
At the same time, Johnson-Humphrey prices continue to go up, continue stealing
dollars out of the pockets of the American people.
***
It is truly ironic that President Johnson has asked Congress for $3.2 billion
additional for Great Society programs in his fiscal 1967 budget and now is
castigating Democrats in Congress for loading it up with another $3 billion in
vote-buying gimmicks.
When he is telling the American people, in effect, is that they would be
better off with a Republican Congress because the Loyal Opposition is dedicated
to a sound dollar and constantly seeks to safeguard the taxpayer's money.
Fuel is being added to Mr. Johnson's inflation by the overwhelming Democratic
majorities in Congress. This should be proof positive to the voters that they
made a serious mistake in 1964 in letting the two-party system get out of whack.
The Loyal Opposition is loyal but it can't provide effective opposition if
the American people won't provide it with the troops.
From what I have seen and heard in my travels around the country I can only
conclude that the voters have seen the light and are going to put the two-party
system back on the right track in November.
###