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Updated: June 15, 2025
State of the Union Address John F. Kennedy January 30, 1961 Mr. Speaker, Mr. Vice President, Members of the Congress: It is a pleasure to return from whence I came. You are among my oldest friends in Washington and this House is my oldest home. It was here, more than 14 years ago, that I first took the oath of Federal office.
And our deficit in our basic transactions with the rest of the world trade, defense, foreign aid, and capital, excluding volatile short-term flows has been reduced from $2 billion for 1960 to about one-third that amount for 1961. Speculative fever against the dollar is ending and confidence in the dollar has been restored.
An important preliminary step for the election had been taken by Shoghi Effendi in 1951, in his appointment of the membership of the International Council to assist him with his work. In 1961, as he had explained would be the case, the second step in the process had been taken when this institution evolved into a nine-member Council, elected by the members of the National Spiritual Assemblies.
Meanwhile this country has continued to bear more than its share of the West's military and foreign aid obligations. Under existing policies, another deficit of $2 billion is predicted for 1961 and individuals in those countries whose dollar position once depended on these deficits for improvement now wonder aloud whether our gold reserves will remain sufficient to meet our own obligations.
And our deficit in our basic transactions with the rest of the world trade, defense, foreign aid, and capital, excluding volatile short-term flows has been reduced from $2 billion for 1960 to about one-third that amount for 1961. Speculative fever against the dollar is ending and confidence in the dollar has been restored.
Meanwhile this country has continued to bear more than its share of the West's military and foreign aid obligations. Under existing policies, another deficit of $2 billion is predicted for 1961 and individuals in those countries whose dollar position once depended on these deficits for improvement now wonder aloud whether our gold reserves will remain sufficient to meet our own obligations.
So persuaded, we shall get on with the task before us. So dedicated, and with faith in the Almighty, humanity shall one day achieve the unity in freedom to which all men have aspired from the dawn of time. State of the Union Address Dwight D. Eisenhower January 12, 1961 To the Congress of the United States: Once again it is my Constitutional duty to assess the state of the Union.
Last year, 1961, despite rising production and demand, consumer prices held almost steady and wholesale prices declined. This is the best record of overall price stability of any comparable period of recovery since the end of World War II. Inflation too often follows in the shadow of growth while price stability is made easy by stagnation or controls.
You will be glad to know that despite the unsettling influences of the recent steel strike, we estimate that our accounts will show, on June 30, this year, a favorable balance of approximately $200 million. I shall present to the Congress for 1961 a balanced budget. In the area of defense, expenditures continue at the record peace-time levels of the last several years.
Bahá’u’lláh. “The Hidden Words”. London: National Spiritual Assembly of the British Isles, 1949. ‘Abdu’l-Bahá. “Selections from the Writings of ‘Abdu’l-Bahá”. Haifa: Bahá’í World Centre, 1978. ‘Abdu’l-Bahá. “The Promulgation of Universal Peace”. Wilmette: Bahá’í Publishing Trust, 1982. ‘Abdu’l-Bahá. “Paris Talks”. London: Bahá’í Publishing Trust, 1961.
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