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Image courtesy of the Lyndon Baines Johnson Library and Museum.
Image courtesy of the Lyndon Baines Johnson Library and Museum.
But Dearest, There IS a Limit!
Image courtesy of the Lyndon Baines Johnson Library and Museum.
Image courtesy of the Lyndon Baines Johnson Library and Museum.

But Dearest, There IS a Limit!

Artifact ID1966.64.132
Object Type Cartoon Drawing
Artist (United States, born 1919)
Publisher (founded 1837)
Gifter
Medium Ink, grease pencil and applied shading on drawing paper
DimensionsOverall H 18 in x W 13 1/2 in (45.7 cm x 34.3 cm )
Physical Description
Physical DescriptionOriginal cartoon drawing. LBJ is heavily laden with packages ("Vietnam", "Federal Spending"). He complains to a woman ("Consumer Spending") who is looking in a window ("Business Expansion Sale", "Loans"). Caption reads: "But Dearest, There IS a Limit!". Artist signature lower right: "Flannery".
Inscriptions and MarkingsHandwritten at lower left: "Mon, Apr 4". Handwritten at bottom center: "[left arrow] 5 9/16 [rigth arrow]". Handwritten at upper right: "485".
Historical NoteWhen Lyndon B. Johnson signed the 1964 Revenue Act that decreased income taxes as well as a law decreasing excise taxes in June 1965. Excise taxes are taxes on the purchase of specific goods and services. He refused to raise taxes, spending by consumers and businesses increased. Along with government spending from the Vietnam War and Great Society, all of this increase of demand led to inflation. This got him into conflict with the Federal Reserve, whose chairman William McChesney Martin, raised the discount rate in December 1965.
Additional Details
Custodial History NoteThe item was a gift from the general public to President Johnson during his term in office. It was received by President Johnson personally, until the President donated it to the Lyndon Baines Johnson Library and Museum in 1970.
Credit LineGift of Lyndon Baines Johnson
National Archives Catalog CollectionLyndon B. Johnson Library Museum Collection (National Archives Identifier 192413)
National Archives Catalog SeriesGifts from the General Public (National Archives Identifier 189698395)
Use Restriction StatusRestricted - Fully
Use Restriction NoteCopyright or other proprietary rights are held by individuals or entities other than the LBJ Presidential Library and Museum. The LBJ Presidential Library and Museum does not warrant that the use of materials will not infringe on the rights of third parties holding the rights to these works, or make any representations or warranties with respect to the application or terms of any international agreement, treaty, or protections that may apply. It is your responsibility to determine and satisfy any copyright or other use restrictions. Pertinent regulations can be found at 36 C.F.R 1254.62.
Person Referenced Lyndon Baines Johnson (United States, 1908 - 1973)
In Collection(s)
Not on view
Place Described
Vietnam
Place of Publication
Baltimore
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