Presidents -- United States -- Messages; United States -- Politics and government -- Sources
I've sent to this Congress a stringent but a fair budget, one that, since I
ran for President in 1976, will have cut the Federal deficit in half. And
as a percentage of our gross national product, the deficit will have
dropped by almost 75 percent.
This Congress had a good record last year, and I now ask the 96th Congress
to continue this partnership in holding the line on excess Federal
spending. It will not be easy. But we must be strong, and we must be
persistent.
This budget is a clear message that, with the help of you and the American
people, I am determined, as President, to bring inflation under control.
The 1980 budget provides enough spending restraint to begin unwinding
inflation, but enough support for our country to keep American workers
productive and to encourage the investments that provide new jobs. We will
continue to mobilize our Nation's resources to reduce our trade deficit
substantially this year and to maintain the strength of the American
dollar.
We've demonstrated in this restrained budget that we can build on the gains
of the past 2 years to provide additional support to educate disadvantaged
children, to care for the elderly, to provide nutrition and legal services
for the poor, and to strengthen the economic base of our urban communities
and, also, our rural areas.
This year, we will take our first steps to develop a national health plan.
We must never accept a permanent group of unemployed Americans, with no
hope and no stake in building our society. For those left out of the
economy because of discrimination, a lack of skills, or poverty, we must
maintain high levels of training, and we must continue to provide jobs.
A responsible budget is not our only weapon to control inflation. We must
act now to protect all Americans from health care costs that are rising $1
million per hour, 24 hours a day, doubling every 5 years. We must take
control of the largest contributor to that inflation: skyrocketing hospital
costs.
There will be no clearer test of the commitment of this Congress to the
anti-inflation fight than the legislation that I will submit again this
year to hold down inflation in hospital care.
Over the next 5 years, my proposals will save Americans a total of $60
billion, of which $25 billion will be savings to the American taxpayer in
the Federal budget itself. The American people have waited long enough.
This year we must act on hospital cost containment.
We must also fight inflation by improvements and better enforcement of our
antitrust laws and by reducing government obstacles to competition in the
private sector.
Public-domain text, read in full here on John Shaqi.
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