The first area of this increasing strength is our ability to deter atomic destruction. In the past 3 years we have increased our nuclear power on ale… - Lyndon B. Johnson

The fourth area of increasing strength is in the development of new weapons for deterrence and defense. In the past several years we have begun many important new weapons systems. Minuteman II will have twice the accuracy of the first Minuteman. The new Nike-X, when its development is completed, will give us the option to deploy, if national security requires it, the best anti-ballistics missile available to any nation. We are developing a new aircraft, the F-111, with much greater range, payload, and ability at air combat than present tactical bombers or fighters. The Lance missile, the EX-10 torpedo, the A7A attack aircraft, a new main battle tank, new anti-tank missile system, are the emerging products of development that we are carrying on. And that effort is without parallel in all the world. We will continue to carry forward new projects which offer hope of adding substantially to our strength. I can assure the American people that the United States is, and will remain, first in the use of science and technology for the protection of the people.

Gains in jobs and profits are going hand in hand. Workers are gaining in purchasing power through fuller employment, through longer hours, through higher wages. But on the average, higher wages have not increased the cost of doing business. Why? Because productivity has risen to match the wages. Profits are gaining through higher volume and lower costs and lower taxes--thanks to the help of a good many men in this room. But on the average the gains are not coming through higher prices. So long as this is the pattern, we can use our fiscal and our monetary policies to stimulate business activity and not to restrain it. Both business and labor are making their economic gains by enlarging the size of the economic pie. They are not making--and they cannot continue to make--gains by taking bigger slices at the expense of one another or at the expense of the American consumer.

For those who labor, I propose to improve unemployment insurance, to expand minimum wage benefits, and by the repeal of section 14(b) of the Taft-Hartley Act to make the labor laws in all our states equal to the laws of the 31 states which do not have tonight right-to-work measures. And I also intend to ask the Congress to consider measures which, without improperly invading state and local authority, will enable us effectively to deal with strikes which threaten irreparable damage to the national interest. The third path is the path of liberation. It is to use our success for the fulfillment of our lives. A great nation is one which breeds a great people. A great people flower not from wealth and power, but from a society which spurs them to the fullness of their genius. That alone is a Great Society. Yet, slowly, painfully, on the edge of victory, has come the knowledge that shared prosperity is not enough. In the midst of abundance modern man walks oppressed by forces which menace and confine the quality of his life, and which individual abundance alone will not overcome. We can subdue and we can master these forces—bring increased meaning to our lives—if all of us, government and citizens, are bold enough to change old ways, daring enough to assault new dangers, and if the dream is dear enough to call forth the limitless capacities of this great people.