Even if we end terror and even if we eliminate tension, even if we reduce arms and restrict conflict, even if peace were to come to the nations, we w… - Lyndon B. Johnson

The world's most affluent society can surely afford to spend whatever must be spent for its freedom and security. We shall continue to maintain the military forces necessary for our security without regard to arbitrary or predetermined budget ceilings. But we shall continue to insist that those forces be procured at the lowest possible cost and operated with the greatest possible economy and efficiency. To acquire and maintain our unprecedented military power, we have been obliged to invest more than one-half of every dollar paid in taxes to the Federal Government. The Defense budget has grown from $43 billion in Fiscal Year 1960 to more than $51 billion in Fiscal Year 1964. I now estimate the Defense expenditures for Fiscal Year 1965 to be about $49.3 billion, or approximately $2 billion less than in Fiscal Year 1964. I further estimate that Defense expenditures for Fiscal Year 1966 will be reduced still another $300 million. There are two main reasons for this leveling-off in Defense expenditures: First, we have achieved many of the needed changes and increases in our military force structure; Second, we are now realizing the benefits of the rigorous Cost Reduction Program introduced into the Defense establishment during the past four years. As I have stated--and as our enemies well know--this country now possesses a range of credible, usable military power enabling us to deal with every form of military challenge from guerrilla terrorism to thermonuclear war. Barring a significant shift in the international situation, we are not likely to require further increments on so large a scale during the next several years. Expenditures for Defense will thus constitute a declining portion of our expanding annual Gross National Product, which is now growing at the rate of 5 percent each year. If, over the next several years, we continue to spend approximately the same amount of dollars annually for our national defense that we are spending today, an ever-larger share of our expanding national wealth will be free to meet other vital needs, both public and private. Let me be clear, however, to friend and foe alike. So long as I am President, we shall spend whatever is necessary for the security of our people.

The last time a President sent a civil rights bill to the Congress it contained a provision to protect voting rights in Federal elections. That civil rights bill was passed after 8 long months of debate. And when that bill came to my desk from the Congress for my signature, the heart of the voting provision had been eliminated. This time, on this issue, there must be no delay, no hesitation and no compromise with our purpose. We cannot, we must not, refuse to protect the right of every American to vote in every election that he may desire to participate in. And we ought not and we cannot and we must not wait another 8 months before we get a bill. We have already waited a hundred years and more, and the time for waiting is gone.

John Kennedy once said, "I look forward to an America which will steadily raise the standards of artistic accomplishment and which will steadily enlarge cultural opportunities for all of our citizens." As I sat here on the platform this morning, I reviewed some of the efforts that were made as a result of his inspiring leadership to make possible the ground breaking that will take place here today. I recalled that we all met in the White House under the leadership of his mother-in-law, and we used the first house of this land one of the first times to raise funds to make this event possible. I remember going to Mrs. Post's home and meeting with patriotic and dedicated citizens who in their generosity were willing to come there and spend the evening to try to add their bit to this great effort. I recall the contribution of the Members of the Congress, and, through them, all the people of the United States who took the funds from the farmer and the laborer, the banker and the artist, to appropriate them so that we might be here today and participate as we are.