Now I want to discuss something that's important to you and me both--our social security system. This is a problem for all Western democracies. Social security, which is probably the greatest legacy left over for us from the New Deal, has served us now for 40 years. But since 1975, social security has been paying out more than it's been taking in. Unless we take action now, the Disability Insurance Fund's reserves will be gone in 2 years, and the retirement reserves will be gone 4 years from then. Some have proposed a simple solution for this: to tax the American worker to the hilt. Well, we are not going to do that. Too many people are already paying more payroll taxes than they do income taxes, and we are not going to go this route to save the social security system. And we are not going to let social security go broke. We're going to keep faith with the 33 million Americans who already enjoy social security benefits and with the 104 million of us, who are paying into the social security system with the expectation that we will receive benefits when we retire, or when we become disabled, or those that are necessary to take care of our families if something happens to us. Now, there's no easy answer, but the changes that I have already submitted to the Congress will make social security financially sound for the rest of the century and will correct most of the problems for the next 75 years--and without a higher tax rate than already scheduled by law for the average wage earner. I'm going to need your help in Congress to get this bill passed, and I hope you'll help me with it.

Well, I think that President Sadat, in his private communications with me and even in his public statements, has said that he is trying as best he can to represent the Arab position concerning Israeli withdrawal from occupied territories and also the resolution of the Palestinian question. Obviously, the leaders in Syria, even Jordan, certainly the PLO, have not recognized that Egypt is speaking for them adequately. I think, though, that in his speech to the Knesset, in his followup speech to the People's Assembly in Egypt, President Sadat has evoked very clearly the basic Arab position that I have understood in my private conversations with President Asad from Syria and with the King of Jordan, Hussein. So, I believe that this is an exploratory effort that does accurately represent the basic differences between Israel and all their neighbors. And the fact that Jordan and Syria have not been willing to participate, I don't think has dampened President Sadat's commitment or enthusiasm at all. It is constructive, and I think what he discovers in his already completed discussions with Prime Minister Begin and those that might be taking place in Egypt in the middle of next month will certainly be conducive to pursuing the Arab cause. I think it's constructive, because for the first time, the Arab position on those controversial issues has been spelled out very clearly for worldwide understanding. And I think the differences that have been faced by us and others for long years are now much more clearly understood by the public. The differences are still sharp; the resolution of those differences is going to be very difficult. I think that to the best of his ability, President Sadat is speaking for the Arab world.

There are a few things that I want to mention to you. You've been very gracious and very generous to come out here today to meet with me. As we approach the last few days of the campaign there are some memories that ought to be impressed on our minds. I grew up not far from the Florida line on a farm. I was born in 1924. When the Great Depression came, I was a young, impressionable man, a boy. I remember what Franklin Roosevelt and the Democratic Party did to change my life and the life of my family. We didn't have running water in our house. We didn't have electricity. The Democrats thought that REA would be good for farmers; the Republicans were against it. They called it socialism for the Federal Government to help build dams and generate electricity for farmers. There were a lot of sweatshops in our country, and young people about Amy's age, 13 years old and younger, boys and girls, were working under uncontrollable and embarrassing conditions. Working families didn't have a right to earn a decent living to finance their homes. And the Democrats proposed a minimum wage, 25 cents an hour; the Republicans opposed it. The Democrats finally prevailed and gave working people of this Nation a better life. I graduated from high school in 1941, my first job at a minimum wage, 40 cents by then. That increase from 25 to 40 cents was a great thing in our lives. Democrats sponsored it; Republicans, they were against it. Democrats saw that older people were living in poor folks homes, we called them, without any self-dignity, without any security, having slaved away all their lives to make this a better country. So, the Democrats said, "We need something to give that security to older people," and put forward the idea of social security; Republicans were against it. Social security passed. Later, I won't go into all the details, but Democrats, again, put forward Medicare to give older people a chance to have a better health care after their retirement age. My opponent, Governor Reagan, got his start in politics working for the American Medical Association, traveling around this country speaking against Medicare.

The first priority of the Congress, as far as I am concerned, should be the rapid passage of the energy reform legislation. Later on this year, we will also present to the Congress comprehensive tax reform legislation. We will also have to present to the Congress very shortly our analysis of the needs for the social security package, and there are many other major proposals that are being evolved very carefully and presented to the Congress in a timely way. I'll have to depend upon, of course, the congressional leaders to decide in which order they will address these major efforts. As most of you, I am sure, are aware, these proposals that I have outlined fall on exactly the same committees. The Ways and Means Committee in the House, under Congressman Ullman, will handle most of the parts of energy that relates to taxation--tax reform, social security, as well as welfare reform. And all of the subcommittees will begin work immediately.

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Whenever appropriate, we joined in the performances, often dancing together and especially enjoying the practice sessions before the formal events. I sang “Salt Peanuts” with Dizzy Gillespie and joined Willie Nelson in either “Georgia on My Mind” or “Amazing Grace.” (He turned the microphone as much as possible toward himself.) I remember during a practice session that Baryshnikov leaped high enough to hit one of the chandeliers in the East Room, and we had to find a lower stage and move it to a different place.

One of the first things that the steel executives and labor leaders told me when I came into the room to meet with them was that they don't want to build a wall around our country. They don't want import quotas. They don't want high tariffs, because that hurts the trade on which our Nation relies so heavily. But they want to stop the dumping procedures that have been in place for steel this year and in years past where producers of steel in other nations, in Europe and Japan, for instance, sell on our market against the law, I might say--steel at a price below what it costs them to produce it. And we can stay competitive with other nations if they comply with our law. So, that's one thing that I can promise that we will do, is enforce the antidumping laws, cut down on the illegal competition from overseas, continue the impacted area or industry programs that will keep you at least on your feet until we can get you another job, and with our public works programs, which I'll discuss later after some other questions, with our housing programs that we're keeping going, and also with our new tax reform measures that will be forthcoming next year that will stimulate the economy, I believe we have a good chance, Mr. Hall, to put you back to work. I'll do my best on this subject. And every time I consider a measure that might relieve the unemployment question, you're one of those people that I'll be thinking about.

The world has changed greatly since I left the White House. Now there is only one superpower, with unprecedented military and economic strength. The coming budget for American armaments will be greater than those of the next fifteen nations combined, and there are troops from the United States in many countries throughout the world. Our gross national economy exceeds that of the three countries that follow us, and our nation's voice most often prevails as decisions are made concerning trade, humanitarian assistance, and the allocation of global wealth. This dominant status is unlikely to change in our lifetimes. Great American power and responsibility are not unprecedented, and have been used with restraint and great benefit in the past. We have not assumed that super strength guarantees super wisdom, and we have consistently reached out to the international community to ensure that our own power and influence are tempered by the best common judgment. Within our country, ultimate decisions are made through democratic means, which tend to moderate radical or ill-advised proposals. Constrained and inspired by historic constitutional principles, our nation has endeavored for more than two hundred years to follow the now almost universal ideals of freedom, human rights, and justice for all.

We obviously didn't cause the problem; it's an inherited problem that's been built up for long years. I think in the past there's been too much of an emphasis on major Federal programs when billions of dollars have been spent on helping people that didn't need the help very badly. I'm from the Sun Belt States. I think there's been too much of a channeling of Federal moneys into Sun Belt areas. I think between the downtown ghetto areas on crime control, housing development, and so forth, the funds have quite often been channeled off into the suburbs because of more highly educated people, better organized people, more able to speak loudly and who understood the complexities of Federal programs. We're trying to change that and focus the attention of the Government, whatever it is, on the downtown, urban, deteriorating neighborhoods. Another thing that we're trying to do is to concentrate on the rehabilitation of homes. I've seen this happen in Baltimore. I've seen it happen in Savannah, Georgia, and other places around the country, where with a small effort on the part of a chamber of commerce or the local officials, the banks, working with the Federal Government--that instead of seeing a neighborhood deteriorate, that existing structures can be rebuilt or renovated to make very attractive homes near the core area for executive and professional work without abandoning the central cities and moving out into the suburbs. We're trying to do that, too, with our general HUD programs.

A party with a narrow vision, a party that is afraid of the future, a party whose leaders are inclined to shoot from the hip, a party that has never been willing to put its investment in human beings who are below them in economic and social status.

The sixth major need is for an open and efficient Government. Now I've done the best I could to open up the Presidency. I've talked publicly about foreign policy matters that were formerly considered too secret and too complicated for the ears of the American people. I've had frequent press conferences, and I've had direct encounters with people who don't normally get to work--get to talk to a President. When I leave here this morning, I'll go to one of the Los Angeles television stations and for an hour and a half, I will receive calls from people throughout this part of California asking me questions, unscreened, on any subject they choose. I feel that it's important for the American people to know what's going on. But I also feel it's important for a President to learn from the people of this country. And I want you to know what the options are and what the problems are and w hat the possibilities are in complicated matters like the control of the nuclear weapons, the resolution of problems in southern Africa, the Middle East, and also in domestic questions which I've discussed with you today. I want you to be a partner with me in making our Government be effective and efficient. There are many other ways that we can build more openness and responsiveness into our system of government. We can make the activities of government officials devote themselves exclusively to the public interest. I've asked the Congress to impose strict financial disclosure requirements for more than 13,000 top Federal Government executives. This will make it very difficult for high Government officials to have interests which conflict with those of the public. And we should insist on the same high standards for private institutions. That's why I proposed to Congress making foreign bribery by American companies and officials a crime.

We can correct the problems that relate to social security. We can have an effective and fair welfare system. We can have a fair tax structure. We're working to bring down the unemployment rate. And it's already fallen precipitously, which is a good accomplishment and, I think, an equally good omen for the future. At the same time, we're trying to stop nuclear proliferation around the world. I think 8 months ago there was a general feeling among the leaders of nations on this Earth that it was too late, that the genie that could kill all mankind had escaped, that there was no way to put it back in the bottle. But we've worked very closely with our friends and allies in Canada, Australia, Britain, and other countries to make sure that the peaceful use of atomic power can continue to generate electricity and give us power ,but that the waste products that can be changed into explosives would be carefully controlled. And I believe we now have a good prospect for success. We are trying to cut down on the indiscriminate sale of conventional weapons around the world, particularly to those countries that can't afford them. And we are trying to get other nations to join in a voluntary reduction in their demands for weapons. We are trying to alleviate tensions that have divided other countries one from another, without intruding into the internal affairs of those countries. We've established, working with many other people, a basic commitment to human rights, and now I think our Nation stands as a beacon light so that we can be proud of ourselves, that we can restore the commitments that made our Nation great beginning 200 years ago, and we can also set an example for the world. It's not an easy thing. There's a lot of controversy around it. And I think that when you say the words "human rights," that is in itself an action. And if you see those who are suffering today in political prisons, those who have been kept from free travel, those who have suffered because their families are divided, the action that they took was a few words. But I think now there's a general feeling around the world that we each must make our own nations free of legitimate criticism from other countries and among our own citizens. This change is slow, but I think it exemplifies what the American people feel, and I believe it's an achievement of which we can be proud. We are discussing without cessation a reduction in strategic atomic weapons with the Soviet Union. We are negotiating today in Moscow to eliminate the testing of atomic explosives. We are trying to move toward demilitarization of the Indian Ocean and to lessen tensions which might lead to war. These kinds of efforts, I think, will be successful if I can accurately represent what you are and what you want our Nation to do and to be. Because if I speak after a policy is evolved in secrecy, I speak with a single voice. But if you participate in the debate and the discussion and then I evolve a policy based on what you want, I speak with the voice of 215 million Americans.

Aside from the humanitarian aspects, it is well known that, under excruciating torture, a prisoner will admit almost any suggested crime. Such confessions are, of course, not admissible in trials in civilized nations. The primary goal of torture or the threat of torture is not to obtain convictions for crimes, but to engender and maintain fear. Some of our leaders have found that it is easy to forgo human rights for those who are considered to be subhuman, or "enemy combatants."

We know the strength of America. We are strong. We can regain our unity. We can regain our confidence. We are the heirs of generations who survived threats much more powerful and awesome than those that challenge us now. Our fathers and mothers were strong men and women who shaped a new society during the Great Depression, who fought world wars, and who carved out a new charter of peace for the world. We ourselves are the same Americans who just 10 years ago put a man on the Moon. We are the generation that dedicated our society to the pursuit of human rights and equality. And we are the generation that will win the war on the energy problem and in that process rebuild the unity and confidence of America. We are at a turning point in our history. There are two paths to choose. One is a path I've warned about tonight, the path that leads to fragmentation and self- interest. Down that road lies a mistaken idea of freedom, the right to grasp for ourselves some advantage over others. That path would be one of constant conflict between narrow interests ending in chaos and immobility. It is a certain route to failure. All the traditions of our past, all the lessons of our heritage, all the promises of our future point to another path, the path of common purpose and the restoration of American values. That path leads to true freedom for our Nation and ourselves. We can take the first steps down that path as we begin to solve our energy problem. Energy will be the immediate test of our ability to unite this Nation, and it can also be the standard around which we rally. On the battlefield of energy we can win for our Nation a new confidence, and we can seize control again of our common destiny.