Johnson spooks on U.S. economic position

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“At his first News Conferonce since assuming officc, Prosident Lyndon Johnson adrittod that unemployment in the U.S, is "mich too high, “> are — going to make intensive, drives to roduce it". To indicated that he youd increase government spending furthor, excoading thoedsloc billion mark, despite the hugo deficits in the tmdget of the current fisenl yoar. Desides the 98.8 billion dollars earmarked for expandituro, smother 3.5 billion dollars would bo added to the tm got for fisonl 1964, owing to increases in military pay, for the netion.l acronautics and space agaoy, "Al lLinnse for Progress” and mamy other itoms. Foaring the mounting discontent within the U.S. over tho gigantic oxponsos of ths govermment and the grave financial erisis, Johnson said that his government would not"mete a dine".