 Well work. Yes, sir. How are you this morning? Pretty good Your boys have opened a tax increase up there. I thought you're supposed to report those things and have hearings on Needling you a little bit. I see my old fiscal experts down here and Treasuring budget tell me it's you all getting ready to give us a deficit about five billion Without any of our defense expenditure 67 yep, and They say that they're just completely loose. I thought I was pretty liberal, but they say that From the way Bobby kinder is going over in the Senate in his education hearings with Morris and the way y'all going in the house mayhem has lost control and It might turn when he's kind of teamed up with with this boy at Fogarty and John McCormick didn't want to jump on those good Brothers he is and he can't stop him. He's talked to him. I've talked to John. I've had to focus it down here But I have full fiscal experts the old career boy sent me a note yesterday It looked like it's gonna add about two and a half to three billion To our budget. We already got a two billion deficit one point eight And it'll be larger than that because they're not haven't given me my Authority for small business yet. I just got two months. They just Haven't got that over. We ought to be putting some of that in private hands and big 30 40 billion But I haven't got that yet so it run good. He'll more than the billion ain't predicted because they're late in getting it to me They supposed to be getting a room Howard Smith Republicans all posin in because they don't want They advocated in their time I was never 55 56 58 Bob Anderson 59 And then Johnny Burns did in the 63 report you read that If you haven't got those statements I want you to look at them and keep in your pocket what they advocated because they want free enterprise They want the banks to hold this they don't federal government all cumulative all this bed And then when we try to do a little of it to hold it down Well, they raise hell because they want to make us have a lot larger deficit but That's not what I'm talking about. I'll send you that sheet today I just want you to carry in your pocket too so you can show people when you're back in the cook room What they said all these years and we just trying to take them up And they won't even let us agree with them when we follow Burns and Curtis They won't let us agree with them They said this in 63 ways means reports. We all sell a lot more these security now We try to sell them and I got a day raised hell but We're gonna sell them, but we're gonna get selling late in the market We've got to be careful keep them all in the market once we're not gonna get to authority until May and One damn tornado and Louisiana cost us a hundred million that rust a long thing Things like that, but here's what the old career boys say down at the lower levels. They have got a chart Which shows that your GI bill? Education gonna run about 300 million over the budget It's over 2 billion total, but 300 this year may run more than that Shows agriculture running 400 something over the budget Uh Fogarty is getting ready on health and education some of its construction too I'm gonna be a dime spent for constructing a building now because these labor unions gone wild They got their wages up to eight sixty eight an hour on on the building trade on Bodo's operator and Everything's tight copper's tight aluminum's tight. Let's take time, but that is more build a building since they get tight But for good he's gonna go in between five and six hundred million over the budget and then when Morrison Bobby Kennedy get through it Maybe a billion but anyway the minimum that they figure now And some in no increase in poverty They figure it's gonna be a two and a half billion minimum over likely three if it's three and I got a billion aid and then I don't sell some of this paper say I got another Fall short a billion two. I'll have a six billion deficit written in there Then McNamara if he has to and this war keeps going It's conceivable. He'd have to ask for five or six so you'd have a ten or twelve operation now If we did that we'd have to add ten percent on to the damn bills and probably make inoperative for the time being Vietnam try to make you an operative this investment credit and probably Accelerate appreciation on these big buildings and apartments to them only so we stop this construction We don't even think of it. We haven't we won't take another look at it down the road after we get it behind us But the point I wanted you as the as my Expert in the Congress both house and Senate I Wanted you and your whispered and Sam Rayburn way to say to the leaders the old timers now It's missed demanding that they put the impacted area back for Arlington, Alexandria too rich a school district America, and if we've got to go in there Taking out a date formula and put the impacted area because it got to Pentagon Everybody's got a highest per capita income the nation No, of course, you came you got good for Arkansas, Mississippi and Louisiana and Texas where they don't East Texas anyway If they can do it for these rich districts, they're gonna sure have to do it for the pulling and They tell me that you'll be lucky if you get by with the three billion just from the actions You already taken the subcommittee on appropriations this week gonna do it up a billion with agriculture Well, they chief W. Fogarty's gonna do about five six hundred million tomorrow And I think they ought to be told That they without knowing it they're voting the tax increase now you boys It's fine for you to be out here and say you want to build a big new building to NIH now I'm playing IH too We've given them so goddamn much more money than they know how to spend as fast as running out of the ears They have to get together About this time here and see how they can get rid of it for June and I have to call them in and say please don't have any June by But Fogarty just they give them an honorary degree and they give them an award He gets all my curl in the rest of those boys to go along with him and and they just vote any damn thing They want but anyway the point of what I'm saying to you is this as the fiscal expert You can you can stand on these figures pretty well Johnson says he's gonna have a billion eight deficit Your guess would be That he'll have a billion two more on sales of security that the market doesn't take or he doesn't get the authority until it's too late He doesn't sell as much in his stockpile as he thinks he's gonna sell. It's always optimistic. So there's three right there That the Congress is already either sent to him Are taking steps that indicates a commitment another three So there's a six billion deficit right there start with when it looked like a billion eight Now I wonder what is this three billion? It's already sending well. It's sending 300 million roughly in GI It's sending 41 million in there in that deficient's bill already passed the house on the impacted area It's Sent him 26 million for Coast Guard already passed Construction to ought to be a dimes construction. You ought to build your mother's bathroom now the way things going Agriculture about 400 40 subcommittees done ridden it up in the full committee's gonna vote on it It's gonna Mayon thinks that he's gonna fight it and the Republicans gonna fight it But he says Larry kind of trades out with them and plays politics It's long and poverty and they think they'll add a minimum of five or six hundred well if they add six hundred to it There's six and four is ten and 300 GI Now then you got your civilian and military pay raises Your civilian pay raises already passed I Look over there and get me that they'll figure it out of my inside coat pocket there I mean Bill more you the Here's I just read to this in coffee the attached table shows congressional action. That's for including committee action Dang that'll increase the budget by one one It authorizes for the increase in 67 appropriations Although these may not be enacted in the same amount of an additional 300 million And these are not all the table shows the possibility of further add-ons of additional 700 million To one billion from house action on labor H.E.W. and military pay raise The sum total of all these increases is an excess of two billion four of what you Regents submitted Congress may on over the meeting next week the full committee discusses that committee's tentative markup In addition our staff has provided him with appropriation language, which we believe might accomplish a large part of the expenditure reduction This time next week we should have a fair reading on where we stand But here's what he takes now you take this down. You got a console. Yes sir civilian pay Approve of the house Half years cost we could not put in we started January they started July extra cost 290 million employee group life insurance the house version 88 minutes we can't guess but the minimum 255 it could be over 300 depending on how many apply And it's like good many because we're bringing them back Vietnam and discharge and we've got kinky but a year and they come out in June so they'll I would hit us all in June User charges that we won't get 71 million. That's meat inspection poultry tobacco cotton and grain Revenue loss of graduate withholding excise tax we lost 10 Federal employees compensation act amendments benefits higher than recommended six impacted area in deficiency bill supplemental 41 Agriculture appropriation 401 past the house civilian pay raise As approved by the house the added cost of rivers amendment military at 390 Authorization Senate arm services Nike X 218 Nike X Coast Guard authorization signed into law March 30th 23 million I made a statement on it preschool development elementary 19 packages To the federal personnel overseas 11 million prove March 21st National Air Museum Approved by the house February 7th 11 million Labor HE deputy appropriation bill you to be reported. We're told with forwarders efforts will result increase the budget between five six hundred 600 you got it Now if it's 600 it's 24 25 two and a half billion It's somewhere between two four three four and two and a half now in addition to that We think it will lose a billion and two X tree slippages on sales and things But the point ought to be made is boys Like old Nick Longworth used to say just a minute Mr. Abrams said the three most valuable words in the language language is just a minute And I won't say to y'all I've been running for election You just think you've cut the big old man's hair when you've gone out here and boating for This five six hundred million for NIH and extra benefits over and above what Johnson's done I've got five billion this budget for education. I've got five billion in health more than I had when Kennedy was president I'm at ten billion in this budget for health and educational loan That wasn't anyone Kennedy had and not was standing at they're gonna add five six hundred million more And Bobby's gonna add more in the Senate. He and Morris that group So I would let him know right now that they're not gonna carry a deficit this president's not Of any ten twelve billion dollars like I was not dead And I'm gonna come in with a goddamn this tax increase about ten percent everybody's tax bill and Make him operative these are the two provisions and they ought to think about that before they vote this When I hear you're gonna have to come down to Arkansas and that campaign for me in the primary this year I've got fellow announced against me says I'm close to you Well, that'll defeat you if you close to me I'm not sure you're going to Houston with us tomorrow. I won't get to do it Oh, you ought to that now you you won't ever have to do any campaign. I'll guarantee you that We're going down tomorrow evening after you close business. We're coming back tomorrow night in my plan You don't have to be a prominent or Make speech or raise hell, but if you go, I guarantee you won't ever have any office if you do it'll be well financed We're gonna have a thousand people in that place that and our