Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some fifty miles of concrete pavement. We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people. This is, I repeat, the best way of life to be found on the road the world has been taking. This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron. ... Is there no other way the world may live?

Soldiers like to see the men who are directing operations; they properly resent any indication of neglect or indifference to them on the part of their commanders and invariably interpret a visit, even a brief one, as evidence of the commander’s concern for them.

In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.

This we do know: a world that begins to witness the rebirth of trust among nations can find its way to a peace that is neither partial nor punitive. With all who will work in good faith toward such a peace, we are ready, with renewed resolve, to strive to redeem the near-lost hopes of our day.

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But I believe this: by and large, the United States ought to be able to choose for its President anybody that it wants, regardless of the number of terms he has served. That is what I believe. Now, some people have said "You let him get enough power and this will lead toward a one-party government." That, I don't believe. I have got the utmost faith in the long-term common sense of the American people. Therefore, I don't think there should be any inhibitions other than those that were in the 35-year age limit and so on. I think that was enough, myself.