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7342285
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Remarks of the President to the 1976 U.S. Industrial Payroll Savings Committee [Ford Speech or Statement]
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7342285
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Remarks of the President to the 1976 U.S. Industrial Payroll Savings Committee [Ford Speech or Statement]
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White House Press Releases (Ford Administration)
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1976-01-23
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1976
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Digitized from Box 20 of the White House Press Releases at the Gerald R. Ford Presidential Library
FOR IMMEDIATE RELEASE
JANUARY 23, 1976
OFFICE OF THE WHITE HOUSE PRESS SECRETARY
THE WHITE HOUSE
REMARKS OF THE PRESIDENT
TO THE
1976 U.S. INDUSTRIAL PAYROLL
SAVINGS COMMITTEE
THE STATE DINING ROOM
3:47 P.M. EST
Bill, Gabe, George, members of the Savings Bond
Committee:
As I was walking over, I was reminiscing a bit
about a number of occasions that I have had to meet with
the new Chairman of the Savings Bond Committee and his
committee.
Back in January of 1974, as Vice President, I
was privileged to attend a meeting -- John DeButts was
then the new Chairman -- and had an opportunity to say a
few words to the members of that committee.
That campaign was a very successful one. It was
a tribute to John and to the committee members that were
associated with him. Then, last year, I had an equally
enjoyable time when Gabe Hauge took over the responsibility
with his committee.
As I was walking over, I noticed the fine accom-
plishments of the committee under Gabe's leadership; as
Bill said, some two million seven hundred thousand either
new payroll savers or people who have added to their pay-
roll savings on a weekly or monthly basis.
But, what impressed me the most was the fact
that you met not only 100 percent of your quota, Gabe,
but 109 percent. That is a darn good batting average by
any standard, and now I had the privilege of saying a
few words with your new Chairman, George Stinson.
We were talking just before we came in that the
$7 million that you all raised or got Americans to save is
a part of our deficit for the current fiscal year of some
$70-plus billion. That is a fair share, and I think the
Americans who participated made a good investment for
themselves and made an equally good investment for their
country.
MORE
Page 2
I was impressed with Gabe's slogan, "Good For
Americans and Good For America," but I am glad to
report to you that the target that George and all of you
have will be a much larger percentage of the anticipated
deficit for fiscal year 1977.
It shows that with good fiscal management and
good direction in the handling of our budget, we will
have a smaller deficit and, therefore, your participation
and success will be asmuch larger share of what we have
to finance or what Bill has to try and finance.
I know what a big effort it is for all of you
to take the time to rally those who are going to be
called on by you to get individuals in your plants or
their plants to join in this contribution for themselves,
as well as for their country, in our Bicentennial year.
I think we can generate, because it is our
Bicentennial year, a greater enthusiasm and greater
participation. It can be a patriotic effort, one over
and above what it does for their own retirement or what
it does for the country in the broad sense.
If we can stimulate in this Bicentennial year,
in our beginning of the third century, the kind of enthu-
siasm that I feel can materialize, your efforts will be
more rewarding, not only for yourself, but for the
country as a whole.
I thank you very much for undertaking the burden
and responsibility, and I am positive under George's
leadership that you will be successful.
I thank all of you very, very much for doing it in
1976.
END
(AT 3:55 P.M. EST)