Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: October 16, 2025
That makes up the $10 billion that is added to the budget. With few exceptions, very few, we are holding the fiscal 1969 budget to last year's level, outside of those mandatory and required increases. A Presidential commission composed of distinguished congressional fiscal leaders and other prominent Americans recommended this year that we adopt a new budget approach.
That makes up the $10 billion that is added to the budget. With few exceptions, very few, we are holding the fiscal 1969 budget to last year's level, outside of those mandatory and required increases. A Presidential commission composed of distinguished congressional fiscal leaders and other prominent Americans recommended this year that we adopt a new budget approach.
Well, I am glad to report to you tonight that the fiscal year ending June 30, 1969, this June, we are going to have not a deficit, but we are going to have a $2.4 billion surplus. You will receive the budget tomorrow. The budget for the next fiscal year, that begins July 1 which you will want to examine very carefully in the days ahead will provide a $3.4 billion surplus.
As a result, last year, for the first time in 18 years, there has been a halt in the growth of the welfare caseload. But as a system, our welfare program still needs reform as urgently today as it did when I first proposed in 1969 that we completely replace it with a different system.
We those of us in the executive branch, in the Congress, and the leaders of labor and business must do everything we can to prevent that kind of misfortune. Under the new budget, the expenditures for 1969 will increase by $10.4 billion. Receipts will increase by $22.3 billion including the added tax revenues.
They are so critically needed that I have doubled my request under this act to $100 million in fiscal 1969. And I urge the Congress to stop the trade in mail-order murder, to stop it this year by adopting a proper gun control law. This year, I will propose a Drug Control Act to provide stricter penalties for those who traffic in LSD and other dangerous drugs with our people.
In the past 5 years, we have steadily reduced the burden of national defense as a share of the budget, bringing it down from 44 percent in 1969 to 29 percent in the current year. We have cut our military manpower over the past 5 years by more than a third, from 3.5 million to 2.2 million. In the coming year, however, increased expenditures will be needed.
Word Of The Day
Others Looking