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Updated: June 10, 2025
We have cut the war program to the maximum extent consistent with national security. We have held our peacetime programs to the level necessary to our national well-being and the attainment of our postwar objectives. Where increased programs have been recommended, the increases have been held as low as is consistent with these goals. I can assure the Congress of the necessity of these programs.
I come before you tonight with a challenge as great as any in our peacetime history and a plan of action to meet that challenge, to prepare our people for the bold new world of the 21st century. We have much to be thankful for. With four years of growth, we have won back the basic strength of our economy.
It will require determined effort and responsible action of all of us to find our way back to peacetime, and to help others to find their way back to peacetime a peacetime that holds the values of the past and the promise of the future. If we attack our problems with determination we shall succeed. And we must succeed. For freedom and peace cannot exist without security.
Agriculture is prepared to demonstrate that it can make a peacetime contribution as great as its contribution toward the winning of the war.
I want good men, who can be relied upon in any emergency; they will ride behind me in battle, act as scouts if necessary, and they will receive double the pay of ordinary troopers. In peacetime, or when the regiment is in winter quarters, I shall pass my time either in Paris or on my estate in Poitou, and they will of course accompany me.
The period during which prices are supported will provide an opportunity for farmers individually to strengthen their position in changing over from a wartime to a peacetime basis of production. It will provide an opportunity for the Congress to review the needs of agriculture and make changes in national legislation where experience has shown changes to be needed.
Our Nation will then have a major conservation effort, important initiatives to develop solar power, realistic pricing based on the true value of oil, strong incentives for the production of coal and other fossil fuels in the United States, and our Nation's most massive peacetime investment in the development of synthetic fuels. The American people are making progress in energy conservation.
So let's put these times in perspective. Together, since 1981, we've created almost 20 million jobs, cut inflation in half and cut interest rates in half. Yes, the largest peacetime economic expansion in history has been temporarily interrupted. But our economy is still over twice as large as our closest competitor. We will get this recession behind us and return to growth soon.
Our tactical air units overseas and our aircraft carriers are alert; Army units, guarding the frontiers of freedom in Europe and the Far East, are in the highest state of readiness in peacetime history; our Marines, a third of whom are deployed in the Far East, are constantly prepared for action; our Reserve establishment has maintained high standards of proficiency, and the Ready Reserve now numbers over 2 1/2 million citizen-soldiers.
A bunch of damned scoundrels they were, bent upon making fools of poor peasants, in wartime just the same as in peacetime all of them, the great doctor as well as the fine ladies in their dazzling white gowns and with their silly affected talk. Heaven knows it was no great trick to bamboozle a simple coachman, who had managed with only the greatest pains to learn a bit of reading and writing.
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