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It is expected that more than half of these terminated contracts will be settled during the current fiscal year, leaving payments of about 1.5 billion dollars for the fiscal year 1947. Another important aspect of war supply liquidation is the disposal of surplus property.
Last year we had the highest level of exports of farm products in the history of our country, $24 billion. We expect to have more this year. We'll be working together. But I think it's incumbent on us to monitor very carefully the farm situation and continue to work harmoniously with the farmers of our country.
For it is easy to calculate that if there are a half million fish in Lake Michigan and each fish displaces less than five cubic inches of water there would be only two and a half million cubic inches of fish altogether lost in an expanse containing at least eight hundred billion cubic inches of water.
Assuming seventeen billion or million to be right for the supposed air molecules, we have a very interesting problem to consider.
Together, we must protect the victims of crime and ensure domestic tranquility. Last year I strongly recommended a 5-year extension of the existing revenue sharing legislation, which thus far has provided $23 1/2 billion to help State and local units of government solve problems at home.
If we as a people act wisely, within ten years our annual national output can rise from its present level of about $360 billion to $500 billion, measured in dollars of stable buying power.
How strange that decay, in dark places, and underground, and where there are a billion chances to one that nobody will ever see its handiwork, should produce these beautiful effects! The glass seems to become perfectly brittle, so that it would vanish, like a soap-bubble, if touched.
"To frustrate Snookums would be to destroy all the work we have put into him. His circuits would tend to exceed optimum randomity, and that would mean, in human terms, that he would be insane and therefore worthless. As a machine, Snookums is worth eighteen billion dollars.
I will propose in the new budget that Congress authorize almost $7 billion over the next 5 years to assist State and local governments to protect the safety and property of all their citizens. As President, I pledge the strict enforcement of Federal laws and by example, support, and leadership to help State and local authorities enforce their laws.
Let us insure that older Americans, and neglected Americans, share in their Nation's progress. We should raise social security payments by an overall average of 20 percent. That will add $4 billion 100 million to social security payments in the first year. I will recommend that each of the 23 million Americans now receiving payments get an increase of at least 15 percent.
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