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Updated: June 20, 2025
I regret more than any of you know that it has not been possible to restore peace to South Vietnam. The prospects, I think, for peace are better today than at any time since North Vietnam began its invasion with its regular forces more than 4 years ago.
In two wars, first in Korea and now in Vietnam, we furnished most of the money, most of the arms, most of the men to help other nations defend their freedom.
It must also be noted that there are certainly situations such as guerilla war where this or most means of employing force to obtain Shock and Awe may simply prove inapplicable. For example, the German Blitzkreig would have performed with the greatest difficulty in the Vietnam War, where enemy forces had relatively few lines to be penetrated or selectively savaged by this type of warfare.
But we will not permit those who fire upon us in Vietnam to win a victory over the desires and the intentions of all the American people. This Nation is mighty enough, its society is healthy enough, its people are strong enough, to pursue our goals in the rest of the world while still building a Great Society here at home. And that is what I have come here to ask of you tonight.
Our country has matured in the last four years and at long last we were able to separate the war from the warrior and honor these veterans. But with our acknowledgement of their service goes an understanding that some Vietnam veterans have unique needs and problems.
The war in Vietnam is costing us about $25 billion and we are asking for about $12 billion in taxes and if we get that $12 billion tax bill we will reduce the deficit from about $20 billion in 1968 to about $8 billion in 1969. Now, this is a tight budget.
Until peace comes, or if it does not come, our course is clear. We will act as we must to help protect the independence of the valiant people of South Vietnam. We will strive to limit the conflict, for we wish neither increased destruction nor do we want to invite increased danger.
During this same period the United States real defense spending declined. In my three budgets we not only arrested that dangerous decline, but we have established the positive trend which is essential to our ability to contribute to peace and stability in the world. The Vietnam war, both materially and psychologically, affected our overall defense posture.
We will meet at any conference table, we will discuss any proposals four points or fourteen or forty and we will consider the views of any group. We will work for a cease-fire now or once discussions have begun. We will respond if others reduce their use of force, and we will withdraw our soldiers once South Vietnam is securely guaranteed the right to shape its own future.
But, friends, that war began in earnest a quarter of a century ago; and surely the statute of limitations has been reached. This is a fact: The final lesson of Vietnam is that no great nation can long afford to be sundered by a memory. A new breeze is blowing, and the old bipartisanship must be made new again.
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