US Presidency
1966

In the 10 years prior to fiscal 1964, the actual budget outcome averaged $ 2.9 billion worse than the original predicted figure. I believe the fiscal outcome for the past year and for the previous years for which I am responsible demonstrates three things: First, we have tried to make a realistic estimate of both our revenues and expenditures, and to be conservative and careful in those estimates. Second, we have made an unremitting effort to hold our expenditures wherever possible at or below our initial estimates. I am proud to tell you that I believe that will be done so far as domestic expenditures are concerned this year by several hundred millions of dollars. Third, we have maintained the strength and health of our economy so that revenues each year have exceeded our estimates for that year, which the Budget Director tells me is somewhat unusual. We are determined to maintain a sound and a healthy economy which will provide the revenues that we will need to meet our responsibilities in the years ahead.