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Updated: May 22, 2025
In several sections the rainfall is so abundant as to afford a supply of water for the tanks which surpluses in constancy and volume that from any of the rivers. In Bombay and Madras provinces almost all of the irrigation systems are dependent upon this method.
We don't want 'em in England; it's a waste of raw material. They're bad for the men, and they ain't much good for themselves, that I can see." "You are a little hard upon the ladies, Mr. Copperhead." "Not I we can't do without 'em of course, and the surplus we ought to export as we export other surpluses; but I object to them in a young man's way, not meaning anything unpleasant to you.
They grew immensely rich in profiteering during the first three years, they emerged with a relatively small debt, with no great loss of life, and with the greatest economic surpluses and the greatest immediate economic advantages possessed by any nation of the world. The British Empire was the acknowledged mistress of the world in 1913.
Yet the board is moving rapidly along the lines laid out for it in the act, facilitating the creation by farmers of farmer-owned and farmer-controlled organizations and federating them into central institutions, with a view to increasing the bargaining power of agriculture, preventing and controlling surpluses, and mobilizing the economic power of agriculture.
Before the Spanish War, the investment banker financed the trusts. After the war he was entrusted with the vast surpluses which the concentration of business control had placed in a few hands. Business consolidation had given the banker position. The control of the surplus brought him power.
And I have asked the Director of this Program to recommend additional ways in which these surpluses can advance the interests of world peace including the establishment of world food reserves.
The fastest economic growth in more than 30 years; the lowest unemployment rates in 30 years; the lowest poverty rates in 20 years; the lowest African-American and Hispanic unemployment rates on record; the first back-to-back budget surpluses in 42 years. Next month, America will achieve the longest period of economic growth in our entire history. We have built a new economy.
At home, several conspicuous problems remain: promoting higher levels of employment, with special emphasis on areas in which heavy unemployment has persisted; continuing to provide for steady economic growth and preserving a sound currency; bringing our balance of payments into more reasonable equilibrium and continuing a high level of confidence in our national and international systems; eliminating heavily excessive surpluses of a few farm commodities; and overcoming deficiencies in our health and educational programs.
I believe, however, that the Congress will be fully justified in giving the benefits of the prospective surpluses to the taxpayers, particularly as ample provision for debt reduction has been made in both years through the form of debt retirement from ordinary revenues.
Our farms have been left producing for war while America has long been at peace. Once again I urge Congress to enact legislation that will gear production more closely to markets, make costly surpluses more manageable, provide greater freedom in farm operations, and steadily achieve increased net farm incomes. Another issue that we must meet squarely is that of living within our means.
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