U.S. President Nixon speaks about inflation and federal budget during his address from the White House in Washington DC.
Washington DC USA Date:1973 Duration:5 min 56 sec Sound:Yes
Television broadcast of U.S. President Richard Nixon's speech from the White House in Washington DC, United States on the withdrawal of the remaining U.S. troops from Vietnam on 29th March 1973 during the Vietnam War. President Nixon talks about prosperity in the United States without war abroad and without inflation at home. He says that inflation is a terrible cost of war with which the United States is battling at home presently. He speaks about cutting the rate of inflation by controlling meat prices. He says that the U.S. has increased imports from abroad and production at home which will increase meat supply and he has ordered Council of Cost to impose ceiling of prices so that the meat price does not increase any higher. President Nixon says he has submitted 268 billion dollars of federal budget to the Congress this year and if this budget increases as proposed by the Congress then that would mean an increase in taxes by 15% or an increase in the prices. He says he shall veto bills which will break the federal budget he has submitted.
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