So that as I tried to say in my speech, we are not faced with the question of balancing our budget, or having a tax reduction. I believe we are faced… - John F. Kennedy

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Engraved portrait of John F. Kennedy, facing left

So that as I tried to say in my speech, we are not faced with the question of balancing our budget, or having a tax reduction. I believe we are faced with the fact that we are going to have a deficit mostly because of the sharp rise in the recent years in space and defense, and to increase our taxes sufficient to bring that budget into balance would be defeating, because of course it would provide a heavy deflationary effect on our economy, and move us into a recession at an accelerated rate.

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About John F. Kennedy

John Fitzgerald Kennedy (29 May 1917 – 22 November 1963), often referred to by his initials JFK and Jack, was the 35th president of the United States (1961–1963), a United States senator from Massachusetts (1953–1960), and a United States representative (1947–1953). Kennedy served at the height of the Cold War, and the majority of his work as president concerned relations with the Soviet Union and Cuba. He is the older brother of Robert F. Kennedy and Ted Kennedy, and the first husband of Jacqueline Kennedy Onassis. He was shot in the presence of his wife in Dallas on November 22, 1963.

Portrait adapted from Wikimedia Commons, Cecil W. Stoughton (Public domain / CC0)

Also Known As

Birth Name: John Fitzgerald Kennedy
Also Known As: Jack
Alternative Names: Kennedy Jack Kennedy President Kennedy J. F. Kennedy JFK John Kennedy John Fitzgerald "Jack" Kennedy JF Kennedy John F Kennedy

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Additional quotes by John F. Kennedy

The great battleground for the defense and expansion of freedom today is the whole southern half of the globe--Asia, Latin America, Africa and the Middle East--the lands of the rising peoples. Their revolution is the greatest in human history. They seek an end to injustice, tyranny, and exploitation. More than an end, they seek a beginning. And theirs is a revolution which we would support regardless of the Cold War, and regardless of which political or economic route they should choose to freedom. For the adversaries of freedom did not create the revolution; nor did they create the conditions which compel it. But they are seeking to ride the crest of its wave--to capture it for themselves. Yet their aggression is more often concealed than open. They have fired no missiles; and their troops are seldom seen. They send arms, agitators, aid, technicians and propaganda to every troubled area. But where fighting is required, it is usually done by others--by guerrillas striking at night, by assassins striking alone--assassins who have taken the lives of four thousand civil officers in the last twelve months in Vietnam alone--by subversives and saboteurs and insurrectionists, who in some cases control whole areas inside of independent nations. They possess a powerful intercontinental striking force, large forces for conventional war, a well-trained underground in nearly every country, the power to conscript talent and manpower for any purpose, the capacity for quick decisions, a closed society without dissent or free information, and long experience in the techniques of violence and subversion. They make the most of their scientific successes, their economic progress and their pose as a foe of colonialism and friend of popular revolution. They prey on unstable or unpopular governments, unsealed, or unknown boundaries, unfilled hopes, convulsive change, massive poverty, illiteracy, unrest and frustration. With these formidable weapons, the adversaries of freedom plan to consolidate their territory--to exploit, to control, and finally to destroy the hopes of the world's newest nations; and they have ambition to do it before the end of this decade. It is a contest of will and purpose as well as force and violence--a battle for minds and souls as well as lives and territory. And in that contest, we cannot stand aside. We stand, as we have always stood from our earliest beginnings, for the independence and equality of all nations. This nation was born of revolution and raised in freedom. And we do not intend to leave an open road for despotism.

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The path we have chosen for the present is full of hazards, as all paths are; but it is one of the most consistent with our character and our courage as a nation and our commitments around the world. The cost of freedom is always high — but Americans have always paid it. And one path we shall never choose, and this is the path of surrender or submission. Our goal is not victory of might but the vindication of right — not peace at the expense of freedom, but both peace and freedom, here in this hemisphere and, we hope, around the world. God willing, that goal will be achieved. Thank you, and good night.

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