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655 Statement by the President on the Death of Christian A. Herter. December 31, 1966
656 Statement by the President in Response to Report of the President's Commission on Crime in the District of Columbia. December 31, 1966
Renegotiation Act. July 1, 1966
I HAVE signed H.R. 13431 which extends the Renegotiation Act for an additional 2year period.
The Renegotiation Act has served this Nation well for the past 15 years.
We need this vital measure. It is another important tool in our constant quest to get a dollar's worth of value for every defense dollar spent.
Our struggle for freedom's cause in Vietnam makes the extension of this act appropriate.
The Act is just. It does not penalize a defense contractor's efficiency or deny him. a fair profit. But it does determine, under carefully defined criteria, whether the profit is excessive. If so, that profit is returned to the Government.
The renegotiation process has saved large amounts for the American taxpayer.
In fiscal year 1965 alone, renegotiation resulted in refunds or price reductions of over $32 million. Since the inception of the Renegotiation Board in 1951, savings of more than $2 billion have been achieved. These totals, I might add, include actions taken directly by the Board as well as voluntary refunds made by contractors because of the existence of renegotiation.
With the very outstanding results of Secretary McNamara's cost reduction program, with the skill and dedication of our Government contracting officers, and through the renegotiation process, we are fulfilling the pledge I made to give this country the strongest defense force at the lowest possible
NOTE: As enacted, H.R. 13431, approved by the President on June 30, 1966, is Public Law 89-480 (80 Stat. 232).
The statement was released at San Antonio, Texas.
314 Telegram to the Director, American Hospital Association, on Preparations for Medicare. July 1, 1966
THANK YOU for your telegram. I am grateful to the American Hospital Association for its outstanding effort to prepare for Medicare. I am confident that you measure up to the noble challenge of the days ahead.
LYNDON B. JOHNSON
[Mr. Edwin L. Crosby, 840 North Lakeshore Drive,
NOTE: The President's telegram was in response to
the latter stated that for more than a year the American Hospital Association had been working diligently with Government officials to prepare the Nation's hospital system to carry out the provisions of the Health Insurance for the Aged Act (Public Law 89-97, 79 Stat. 290), effective July 1, 1966. The complete text of Mr. Crosby's telegram is printed in the Weekly Compilation of Presidential Documents (vol. 2, p. 890).
The telegrams were read by Bill D. Moyers, Special Assistant to the President, at his news conference at 11:03 a.m., on Friday, July 1, 1966, at San Antonio, Texas. They were not made public in the form of a White House press release.