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/ Grt are I fax for
17
our unrivaled ability to combine the
strength of public and private
agencies,
public
and
private
purposes
public and private interests.
Next, let us turn to the problem
of fiscal policy. Here the myths
are legion and the truth sometimes
hard to find. But let me take as a
prime example the problem of the feelers
budget. We persist in measuring our
Federal fiscal integrity today by
the conventional or administrative
budget - - with results which would
be regarded as absurd in any business
firm -- in any country of Europe
Document source description
This file contains materials collected by the office of President John F. Kennedy's secretary, Evelyn Lincoln, concerning President Kennedy's remarks at the 1962 Yale University graduation ceremony. In his speech the President thanks the University for the honorary degree bestowed upon him, and discusses three areas of domestic concern where the prevalence of myth dangerously impedes progress: fiscal policy, confidence in an administration, and the concept of "big government." Materials in this folder include various memoranda of suggested talking points, a draft by Special Assistant to the President and speechwriter Arthur M. Schlesinger, Jr., a press copy, and a reading copy of the speech with handwritten notations by the President, as well as a luncheon menu, program for the commencement exercises, and an additional transcript of the speech published by Yale University.
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"ocrText": "/ Grt are I fax for\n17\nour unrivaled ability to combine the\nstrength of public and private\nagencies,\npublic\nand\nprivate\npurposes\npublic and private interests.\nNext, let us turn to the problem\nof fiscal policy. Here the myths\nare legion and the truth sometimes\nhard to find. But let me take as a\nprime example the problem of the feelers\nbudget. We persist in measuring our\nFederal fiscal integrity today by\nthe conventional or administrative\nbudget - - with results which would\nbe regarded as absurd in any business\nfirm -- in any country of Europe"
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