Speech #910317445

Mr. President. the act would authorize the following basic amounts for training and employment programs: $2.000.000.000 for fiscal year 1972. $2.500.000.000 for fiscal year 1973. and $3.000.000.000 for fiscal year 1974. Under the provisions. approximately onethird of the total authorized amountafter taking out certain amounts for special programs for Indians. migrants. bilinguals and older personswould be allocated in thirds among manpower training activities. public service employment programs. and research and special categorical programs such as Job Corps and opportunities industrialization centers. In addition. the act would authorize the following "addon" amounts for public service employment: $200.000.000 for this fiscal year. $400.000.000 for fiscal year 1972. $600.000.000 for fiscal year 1973. and $800.000.000 for fiscal year The act also contains a trigger provisionwhich the administration first suggested and which I modified and introducedunder which additional amounts would be authorized for manpower training and employment programs to meet the special problems of severe levels of unemployment. Specifically. an additional $200.000.000 could be provided in any fiscal year in the event that unemployment raises above 4.5 percent for 3 consecutive months. and an additional $200.000.000 in the event that unemployment exceeds 5 percent for 3 consecutive months.