We must achieve both security and solvency. In fact, the foundation of military strength is economic strength,

I stress the strength of our economy because it is essential to the strength of our nation. And what is true in our case is true in the case of other countries. Their strength in the struggle for freedom depends on the strength of their economic and their social progress. We would be badly mistaken to consider their problems in military terms alone. For no amount of arms and armies can help stabilize those governments which are unable or unwilling to achieve social and economic reform and development. Military pacts cannot help nations whose social injustice and economic chaos invite insurgency and penetration and subversion. The most skillful counter-guerrilla efforts cannot succeed where the local population is too caught up in its own misery to be concerned about the advance of communism.'''

A strong defense is the surest way to peace. Strength makes détente attainable. Weakness invites war, as my generation—my generation—knows from four very bitter experiences. Just as America's will for peace is second to none, so will America's strength be second to none. We cannot rely on the forbearance of others to protect this Nation. The power and diversity of the Armed Forces, active Guard and Reserve, the resolve of our fellow citizens, the flexibility in our command to navigate international waters that remain troubled are all essential to our security.

Recognizing economic health as an indispensable basis of military strength and the free world's peace, we shall strive to foster everywhere, and to practice ourselves, policies that encourage productivity and profitable trade. For the impoverishment of any single people in the world means danger to the well-being of all other peoples.

A very strong military posture is vitally necessary today. How long it must continue I am not prepared to estimate, but I am sure that it is too narrow a basis on which to build a dependable, long-enduring peace. The guarantee for a long continued peace will depend on other factors in addition to a moderated military strength, and no less important. Perhaps the most important single factor will be a spiritual regeneration to develop goodwill, faith, and understanding among nations. Economic factors will undoubtedly play an important part. Agreements to secure a balance of power, however disagreeable they may seem, must likewise be considered. And with all these there must be wisdom and the will to act on that wisdom.

Our adversaries have not abandoned their ambitions, our dangers have not diminished, our vigilance cannot be relaxed. But now we have the military, the scientific, and the economic strength to do whatever must be done for the preservation and promotion of freedom. That strength will never be used in pursuit of aggressive ambitions — it will always be used in pursuit of peace. It will never be used to promote provocations — it will always be used to promote the peaceful settlement of disputes.

I believe that we have learned the importance of maintaining military strength as a means of preventing war. We have found that a sound military system is necessary in time of peace if we are to remain at peace. Aggressors in the past, relying on our apparent lack of military force, have unwisely precipitated war. Although they have been led to destruction by their misconception of our strength, we have paid a terrible price for our unpreparedness.

I want to discuss with you today the status of our strength and our security because this question clearly calls for the most responsible qualities of leadership and the most enlightened products of scholarship. For this Nation's strength and security are not easily or cheaply obtained, nor are they quickly and simply explained. There are many kinds of strength and no one kind will suffice. Overwhelming nuclear strength cannot stop a guerrilla war. Formal pacts of alliance cannot stop internal subversion. Displays of material wealth cannot stop the disillusionment of diplomats subjected to discrimination. Above all, words alone are not enough. The United States is a peaceful nation. And where our strength and determination are clear, our words need merely to convey conviction, not belligerence. If we are strong, our strength will speak for itself. If we are weak, words will be of no help.

If we enjoy the benefits of peace, it is only because we have an excellent armed force and a fine socialist economy. Let us exert all efforts so that our further development may be strong and mighty, so that our numerous enemies may think well and long before they decide to attack our fatherland, and so that if they attack, they will quickly regret it.

The new strategy for the seventies also requires a strategy for peace--and I pledge to you tonight that we will have an effective strategy for peace. Let me tell you what that strategy means and what it does not mean. It means maintaining defense forces strong enough to keep the peace, but not allowing wasteful expenditures to drain away resources we need for progress. It means limiting our commitments abroad to those we can prudently and realistically keep. It means helping other free nations maintain their own security, but not rushing in to do for them what they can and should do for themselves. It does not mean laying down our leadership. It does not mean abandoning our allies. It does mean forging a new structure of world stability in which the burdens as well as the benefits are fairly shared--a structure that does not rely on the strength of one nation but that draws strength from all nations. An effective strategy for peace abroad makes possible an effective strategy for meeting our domestic problems at home.

The effort to develop the economy and improve the people’s standard of living can be successful only when it is backed by powerful military capabilities, nuclear forces. In the spirit with which we conquered outer space and with the mettle with which we succeeded in the nuclear test of a high level, we must push ahead simultaneously with the campaign to defend the country and the construction of an economic giant, and thus achieve the happiness of the people and the prosperity of the powerful Paektusan nation without fail.

We face this choice from a position of strength as the strongest nation on earth, economically, militarily and politically. Our alliances are firm and reliable. Our military forces are strong and ready. Our economic power is unmatched.

The growth of entrepreneurial classes throughout the world is an asset in the promotion of human rights and individual liberty, and it should be understood and used as such. Yet peace is the first and most important condition for continued prosperity and freedom. America's military power must be secure because the United States is the only guarantor of global peace and stability. The current neglect of America's armed forces threatens its ability to maintain peace.

In this administration also it has been necessary at times to issue specific warnings — warnings that we could not stand by and watch the Communists conquer Laos by force, or intervene in the Congo, or swallow West Berlin, or maintain offensive missiles on Cuba. But while our goals were at least temporarily obtained in these and other instances, our successful defense of freedom was due not to the words we used, but to the strength we stood ready to use on behalf of the principles we stand ready to defend. This strength is composed of many different elements, ranging from the most massive deterrents to the most subtle influences. And all types of strength are needed — no one kind could do the job alone.