Pres. Nixon's State of the Union speeches: on Jobs

Full employment budget: stimulus balances jobs & inflation

It will be a full employment budget, a budget designed to be in balance if the economy were operating at its peak potential. I ask the Congress to accept these expansionary policies--to accept the concept of a full employment budget. At the same time, I ask the Congress to cooperate in resisting expenditures that go beyond the limits of the full employment budget. For as we wage a campaign to bring about a widely shared prosperity, we must not reignite the fires of inflation and so undermine that prosperity.

With the stimulus and the discipline of a full employment budget, we shall gain the goal of a new prosperity: more jobs, more income, more profits, without inflation and without war.