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Updated: June 10, 2025
Each of these factors is important in its own right. Each interacts with the others. All must be faced together, squarely and courageously. We will face these challenges, and we will meet them with the best that is in us. And we will not fail. In response to the abhorrent act in Iran, our Nation has never been aroused and unified so greatly in peacetime. Our position is clear.
Inside of two weeks General Burgess had called General Garland, they'd discussed the problem, and I was back in Colorado Springs setting up a program with Colonel White's 4602nd. The 4602nd's primary function is to interrogate captured enemy airmen during wartime; in peacetime all that they can do is participate in simulated problems.
We should take no comfort from the fact that the level of unemployment in this transition from a wartime to a peacetime economy is lower than in any peacetime year of the sixties. This is not good enough for the man who is unemployed in the seventies. We must do better for workers in peacetime and we will do better.
I will be brief, for our time is necessarily short and our agenda is already long. Last year's congressional session was the longest in peacetime history. With that foundation, let us work together to make this year's session the best in the Nation's history.
Let us generously help those who are not able to help themselves. But let us stop helping those who are able to help themselves but refuse to do so. The second great goal is to achieve what Americans have not enjoyed since 1957 full prosperity in peacetime. The tide of inflation has turned.
These conditions prevail today. Business is good and there are still powerful forces working in the direction of inflation. This is not the time for tax reduction. The fiscal year 1947 will see a continuance of war liquidation and occupation. During this period we shall also lay the foundation for our peacetime system of national defense.
The Budget total for the next fiscal year, the year that ends on June 30, 1947, is estimated at just above 35.8 billion dollars-about a third of the budgets for global war, although nearly four times the prewar budgets. This estimate is based on the assumption that a rapid liquidation of the war program will be associated with rapid reconversion and expansion of peacetime production.
The rapid termination of war contracts, prompt clearance of unneeded Government-owned equipment from private plants, and other reconversion policies have greatly speeded up the beginning of peacetime work in reconverted plants.
Labor also has its own new peacetime responsibilities. Under our collective bargaining system, which must become progressively more secure, labor attains increasing political as well as economic power, and this, as with all power, means increased responsibility.
Our Nation has made great strides in assuring a modern defense, so armed in new weapons, so deployed, so equipped, that today our security force is the most powerful in our peacetime history. It can punish heavily any enemy who undertakes to attack us. It is a major deterrent to war. By our research and development more efficient weapons-some of amazing capabilities are being constantly created.
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