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.

We have been attempting to relieve ourselves and the other nations from the old theory of competitive armaments. In spite of all the arguments in favor of great military forces, no nation ever had an army large enough to guarantee it against attack in time of peace or to insure its victory in time of war. No nation ever will. Peace and security are more likely to result from fair and honorable dealings, and mutual agreements for a limitation of armaments among nations, than by any attempt at competition in squadrons and battalions. No doubt this country could, if it wished to spend more money, make a better military force, but that is only part of the problem which confronts our Government. The real question is whether spending more money to make a better military force would really make a better country. I would be the last to disparage the military art. It is an honorable and patriotic calling of the highest rank. But I can see no merit in any unnecessary expenditure of money to hire men to build fleets and carry muskets when international relations and agreements permit the turning of such resources into the making of good roads, the building of better homes, the promotion of education, and all the other arts of peace which minister to the advancement of human welfare. Happily, the position of our country is such among the other nations of the world that we have been and shall be warranted in proceeding in this direction.

The best way not to have to use your military power is to make sure that power is visible. When people know that we will use force if necessary and that we really mean it, we’ll be treated differently. With respect. Right now, no one believes us because we’ve been so weak with our approach to military policy in the Middle East and elsewhere. Building up our military is cheap when you consider the alternative. We’re buying peace and we’re locking in our national security. Right now we are in bad shape militarily. We’re decreasing the size of our forces and we’re not giving them the best equipment. Recruiting the best people has fallen off, and we can’t get the people we have trained to the level they need to be. There are a lot of questions about the state of our nuclear weapons. When I read reports of what is going on, I’m shocked. It’s no wonder nobody respects us. It’s no surprise that we never win. Spending money on our military is also smart business. Who do people think build our airplanes and ships, and all the equipment that our troops should have? American workers, that’s who. So building up our military also makes economic sense because it allows us to put real money into the system and put thousands of people back to work. There is another way to pay to modernize our military forces. If other countries are depending on us to protect them, shouldn’t they be willing to make sure we have the capability to do it? Shouldn’t they be willing to pay for the servicemen and servicewomen and the equipment we’re providing? Depending on the price of oil, Saudi Arabia earns somewhere between half a billion and a billion dollars every day. They wouldn’t exist, let alone have that wealth, without our protection. We get nothing from them. Nothing. We defend Germany. We defend Japan. We defend South Korea. These are powerful and wealthy countries. We get nothing from them. It’s time to change all that. It’s time to win again. We’ve got 28,500 wonderful American soldiers on

Today we can walk the road of peace because we have the strength we need. We have built that strength with courage. We have employed it with care. We have maintained it with conviction that the reward of our resolution will be peace and freedom. We covet no territory, we seek no dominion, we fear no nation, we despise no people. With our arms we seek to shelter the peace of mankind. In this spirit, then, I wish to consider with you the state of our defenses, the policies we pursue, and--as Commander in Chief-to offer recommendations on our course for the future.

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.

Our country has a larger Army and a more powerful Navy, costing annually almost twice as much as it ever before had in time of peace. I am a thorough believer in a policy of adequate military preparation. We are constantly working to perfect our defenses in every branch, land forces, air forces, surface and submarine forces. That work will continue. Our Military Establishment of the Army and Navy, the National Guard, and the Reserve Corps is far superior to anything we have ever maintained before, except in time of war. In the past six years we have expended about $4,000,000,000 for this purpose. That ought to show results, and those who have correct information know that it does show results. The country can rest assured that if security lies in military force, it was never so secure before in all its history.

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.

Now this country of ours has a record of which we may well be proud. When we signed the various treaties pledging ourselves to tackle that question of disarmament in sincerity, in earnest, and in honour, we justified and backed our signature, and we have done all that one country by itself can do. We have reduced all our armaments. We occupy the fifth place in the world to-day in the strength of our Air Force. We have cut our Army to the bone, and we have engaged in treaties for the limitation of our Navy, and nothing more can be done by way of unilateral disarmament.

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.

Those of you who are deeply committed to peace, don't worry about that, about military strength. Our weapons, our military forces, men and women, will never be excelled by any other nation on Earth. We're in the cutting edge of progress. And our strategic nuclear weapons and our conventional weapons, our Navy, our men and women, are strong, and they're going to stay strong. But an airplane doesn't fly on just one wing. With that powerful military strength, you've got to have two more things. One is a commitment to arms control, because we don't want to have a nuclear arms race in this world. Every President since Harry Truman has insisted upon balanced, equivalently equal, controlled, observable arms control treaties. Recently, as you know, my opponent said, let's throw the arms control treaty in the trash, and let's start an arms race or threaten an arms race against the Soviet Union, to play a trump card against them. That's a radical departure from what all Presidents have done, Democratic and Republican, since the Second World War. It's important to us as a nation, it's important to our allies and friends, like Israel and the Middle East, to make sure that Iraq and other countries of a radical nature do not have military weapons that are nuclear explosives. We've had a very strong nonproliferation policy under Democrats and Republicans, but Governor Reagan says that nonproliferation is none of our business. The issues are clearly drawn, not only about the past and present but also about the future. We now have a sound energy policy to give us a basis on which to revitalize American industry, to have modern tools and modern plants for American workers, to put all our people to work; to have better health care for our citizens, more preventive health care, catastrophic health insurance, better care for pregnant women and little babies, better care for elderly citizens, more outpatient care rather than inpatient, the holding down of hospital costs. These changes in our health program can be implemented with a national health insurance plan. I'm for it, Democrats are for it; Governor Reagan's against it.

We are a small nation. Our military strength in proportion to the mighty armaments of modern nations can never be considerable. Our strength as a nation will depend upon our economic freedom, and upon our moral and intellectual force. In these we can become a shining light in the world.

The war has made us a nation of great power and intelligence. We have but little to do to preserve peace, happiness and prosperity at home, and the respect of other nations. Our experience ought to teach us the necessity of the first; our power secures the latter.

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.

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.'''