Johnson outlines 1967 economy plan and welfare reforms
President Johnson forecasts steady unemployment near 3.9 percent and 6.5 percent output rise for 1967, with a 2.5 percent price rise and ongoing fiscal support of a $135 billion budget. He urges wage guideline adherence, warns against cost‑of‑living escalators, and proposes tax, guarantees, and welfare reform ideas including negative income tax and public employment for the jobless. He also calls for expanded state welfare definitions and work training programs.