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It was proposed last January that the government should consolidate its indebtedness and put its financial house in order, by an issue of long-term securities; but Caillaux opposed the programme and defeated it for many months. This postponed the issue of the Balkan States' loans. To-day Caillaux is about the most hated man in France.
Workers hoped for new social legislation and rights. Businessmen and industrialists were faced with destroyed factories, worn-out or antiquated equipment, and an unchecked inflation which induced them to shift their accounts into foreign banks or to favour short-term gains rather than long-term investments.
I have submitted a 5-year naval building program indispensable to the Nation's maritime strategy. Because the security of Europe and the integrity of NATO remain the cornerstone of American defense policy, I have initiated a special, long-term program to ensure the capacity of the Alliance to deter or defeat aggression in Europe.
For the past several years, this program has consisted largely of payments to farmers for application of fertilizer and other approved soil management practices. I am convinced that farmers generally are now fully alert to the benefits, both immediate and long-term, which they derive from the practices encouraged by this program.
I have the honour to state that the term lease by negotiation contained in Article 2 of the Treaty respecting South Manchuria and Eastern Inner Mongolia signed this day shall be understood to imply a long-term lease of not more than thirty years and also the possibility of its unconditional renewal. I avail, etc., His Excellency, Lou Tseng-tsiang, Minister of Foreign Affairs. Reply
Our approach protects older Americans. Every plan before the Congress proposes to slow the growth of Medicare. The difference is this. We believe those savings should be used to improve health care for senior citizens. Medicare must be protected, and it should cover prescription drugs, and we should take the first steps in covering long-term care.
It was reported that a full pardon had been offered to a long-term convict on condition that he carry out the court's mandate upon the body of the condemned mongrel, and that he had refused, even though the price were freedom for himself. In this serious emergency, a volunteer in the person of Tobias Dramm came forward. Until then he had been an inconspicuous unit in the life of the community.
Extension of the advantages of insured lending to private credit engaged in this task of rehabilitating obsolete neighborhoods; Insurance of long-term, mortgage loans, with small down payment for low-income families; and, until alternative programs prove more effective, Continuation of the public housing program adopted in the Housing Act of 1949.
It is the long-term corrosive effects of the continuing breakdown in the system and society that ultimately compels an adversary to surrender or to accept terms. Shock and Awe are therefore not immediate either in application or in producing the end result.
This policy serves the national interest of the United States in several important ways: by encouraging respect by governments for the basic rights of human beings, it promotes peaceful, constructive change, reduces the likelihood of internal pressures for violent change and for the exploitation of these by our adversaries, and thus directly serves our long-term interest in peace and stability; by matching espousal of fundamental American principles of freedom with specific foreign policy actions, we stand out in vivid contrast to our ideological adversaries; by our efforts to expand freedom elsewhere, we render our own freedom, and our own nation, more secure.
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