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At fifty-eight I'd be worth four billions and just old enough to really begin to do things. That is on the supposition that my money only increases by its banking power, which is the smallest way to look at it. In seven years I'd start with a billion preparing for the grand coup of the next panic. It always comes within a decade.

During the past year over 38,000 persons lost their lives in highway accidents, while the fearful toll of injuries and property damage has gone on unabated. In my message of February 22, 1955, I urged that measures be taken to complete the vital 40,000 mile interstate system over a period of 10 years at an estimated Federal cost of approximately 25 billion dollars. No program was adopted.

As the number of units taken diminishes, the amount of variety and inexactness of generalisation increases, because individuality tells more and more. Could you take men by the thousand billion, you could generalise about them as you do about atoms; could you take atoms singly, it may be you would find them as individual as your aunts and cousins.

In 1984 the Federal Government will apply the full proceeds from certain excise taxes to a grass roots trust fund that will belong in fair shares to the 50 States. The total amount flowing into this fund will be $28 billion a year. Over the next 4 years the States can use this money in either of two ways.

In future years the present tax system, in conjunction with a full employment level of national income, could be expected to yield more than 30 billion dollars, which is substantially above the anticipated peacetime level of expenditures.

Just as a billion, minus the billionth fraction of a unit, is no longer a billion, so infinity itself, limited though it be but by a hair's-breadth, is no longer, strictly speaking, infinite.

All successful schools have followed the same proven formula: higher standards, more accountability, so all children can reach those standards. I have sent Congress a reform plan based on that formula. It holds states and school districts accountable for progress, and rewards them for results. Each year, the national government invests more than $15 billion in our schools.

Thus far only about 13 billion dollars of the ultimate surplus, including 5 billion dollars of unsalable aircraft, has been declared. Of this amount, 2.3 billion dollars have been disposed of, in sales yielding 600 million dollars. The tremendous job of handling surplus stocks will continue to affect Federal expenditures and receipts for several years.

In an early message, I shall propose a permanent reduction in tax rates which will lower liabilities by $13.5 billion. Of this, $11 billion results from reducing individual tax rates, which now range between 20 and 91 percent, to a more sensible range of 14 to 65 percent, with a split in the present first bracket.

If I were a physicist, he told himself, if I were a physicist instead of a newshawk, I could get a computer to tell me the probability ratio of whether I hold an answer. That probability ratio is probable ten billion to one, he told himself. That probability ratio is zero. Witches are for burning, he told himself. He told himself a lot of things, and he sweated through the cold January weather.