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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jan 26, 1967
Page
2
President Johnson's budget message highlights prosperity and self confidence while pledging to meet aggression anywhere. The analysis notes the Vietnam reference to combat Communist aggression aligns with U S policy and hints at underlying self interest and national security concerns driving involvement.
President Johnson’s budget message touts a record 135 billion dollar request while urging caution on new domestic programs. He highlights prosperity with a 54 percent rise in GNP, unemployment under 4 percent, over 3 million jobs in 1966, and rising income taxes to fund the Vietnam war, though Congress may delay new taxes until July. Inflation concerns linger as prices edge higher and the dollar weakens.
New York AP column laments inflation and dollar decline calling it an ailing idol. It warns of rising shoe shine prices from 35 cents to a dollar and predicts further increases, while comparing current costs to past economic turmoil and political rhetoric.
Fragmentary note reflects on aging gadgets like penny gumball machines and the erosion of the dollar. Mentions price rises and the two generations' awareness of steps in Cold War era context.
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