Ford UFO Files

II
FIFTH DISTRICT RADIO SCRIPT FOR TAPING APRIL 20, 1966.
My friends of the Fifth Congressional District, this is your Congressman,
Jerry Ford, speaking to you from the nation's capital.
One of the nation's leading lending institutions the other day issued its
bimonthly report on the state of business. Here's what itfOund--and I quote:
"Unless action is taken to check demand, the Nation faces an inflationary gap that
could amount to the order of $30 billion. That would point to an implicit rise in
the general price level of as much as four to five per cent."
The report goes on to say: "While it is argued in some quarters that it is as
important to continue the war on poverty at home as it is to sustain the military
effort in Vietnam, the fact is that the Nation lacks the resources to do both
this year."
These two quotations from the Chase Manhattan Bank of New York cannot be
carelessly brushed aside as partisan pessimism nor can they be ignored as lacking
authority.
I have said it before and I repeat it now--it's high time we faced up to the
economic facts of life in this country and cut out unnecessary domestic spending
when we're engaged in a war that is costing us a billion dollars a month.
These warnings by myself and others have been consistently ignored by the
Administration. Government spending has continued unchecked. Now the piper must
be paid--by you and by me. Inflation is here. The cost of living is rising steadily.
In November, you will go to the polls. When you vote, you should ~"-
(.,~\
\
responsible for the fact that there are so many things I can' 1fford ::o i
~these days?"
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