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Updated: June 9, 2025
So great a triumph has never been won by any financial officer of the government before, as in the funding of our national debt at four per cent., and the restoration of the national credit, giving an impulse to our prosperity and industry that can neither be stayed nor stopt.
Our Government's support for the humanities, within the framework laid down by the Congress, is a recognition of their essential nourishment of the life of the mind and vital enrichment of our national life. I will be proposing an increase in funding this year sufficient to enable the Endowment to maintain the same level of support offered our citizens in Fiscal Year 1981.
Every dollar the Federal Government does not take from us, every decision it does not make for us will make our economy stronger, our lives more abundant, our future more free. Our second American revolution will push on to new possibilities not only on Earth but in the next frontier of space. Despite budget restraints, we will seek record funding for research and development.
Very elaborately he devised a funding scheme which, taken in connection with his system of issues, was in effect what in these days would be called an "interconvertibility scheme" By various degrees of persuasion or force, the guillotine looming up in the background, holders of assignats were urged to convert them into evidence of national debt, bearing interest at five per cent, with the understanding that if more paper were afterward needed more would be issued.
He recommended that Mr Thomas Baring should bring the Bill into the Commons. In the course of the afternoon he called at New Court, and there heard the report of the Duke of Wellington's going out of office, also of the funding of eight millions of Exchequer bills, important topics for consideration to the financiers of the day.
In 1979: A $6 billion welfare reform proposal was introduced with funding for 400,000 public service jobs welfare reform demonstration projects were launched in communities around the country the Vice President initiated a nationwide review of youth unemployment in this country.
In the allocation of this funding, special emphasis will be given to: Humanities education in the nation's schools, in response to the great needs that have arisen in this area; Scholarly research designed to increase our understanding of the cultures, traditions, and historical forces at work in other nations and in our own;
In connection with this feature of the message, Secretary Boutwell submitted a well-matured plan for funding the debt and expressed entire confidence in its success. The result was the refunding Act of July 14, 1870. It was a broad and effective measure.
Rather, it involves an expenditure of American spirit and just plain American grit. The Congress will soon receive my comprehensive proposals to enhance our competitiveness, including new science and technology centers and strong new funding for basic research. The bill will include legal and regulatory reforms and weapons to fight unfair trade practices.
A bill at length passed both houses, funding the debt upon principles which lessened considerably the weight of the public burdens and was entirely satisfactory to the public creditors.
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