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This extra effort involves, most immediately, the need for a supplemental defense appropriation of $1.3 billion for fiscal year 1958.
We will submit a Federal Pay Reform bill aimed at giving our classified, postal, and other employees new pay scales more comparable to those of private industry; We are holding the fiscal 1962 budget deficit far below the level incurred after the last recession in 1958; and, finally, I am submitting for fiscal 1963 a balanced Federal Budget.
Our government responded to the request of the friendly Lebanese Government for military help, and promptly withdrew American forces as soon as the situation was stabilized. In 1958 our support of the Republic of China during the all-out bombardment of Quemoy restrained the Communist Chinese from attempting to invade the off-shore islands.
Save for a brief period in 1958, insured unemployment is at the highest peak in our history. Of some five and one-half million Americans who are without jobs, more than one million have been searching for work for more than four months. And during each month some 150,000 workers are exhausting their already meager jobless benefit rights.
A 4-year renewal of the Reciprocal Trade Agreements Act was passed in 1958, and a continuing and rewarding effort has been made to persuade other countries to remove restrictions against our exports.
A 4-year renewal of the Reciprocal Trade Agreements Act was passed in 1958, and a continuing and rewarding effort has been made to persuade other countries to remove restrictions against our exports.
The rest include new school graduates unable to use their talents, farmers forced to give up their part-time jobs which helped balance their family budgets, skilled and unskilled workers laid off in such important industries as metals, machinery, automobiles and apparel. Our recovery from the 1958 recession, moreover, was anemic and incomplete.
Save for a brief period in 1958, insured unemployment is at the highest peak in our history. Of some five and one-half million Americans who are without jobs, more than one million have been searching for work for more than four months. And during each month some 150,000 workers are exhausting their already meager jobless benefit rights.
Since the signing of the Korean Armistice in 1953, Americans have lived in peace in highly troubled times. During the 1956 Suez crisis, the United States government strongly supported United Nations' action resulting in the ending of the hostilities in Egypt. Again in 1958, peace was preserved in the Middle East despite new discord.
Since the signing of the Korean Armistice in 1953, Americans have lived in peace in highly troubled times. During the 1956 Suez crisis, the United States government strongly supported United Nations' action resulting in the ending of the hostilities in Egypt. Again in 1958, peace was preserved in the Middle East despite new discord.
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