My profoundest conviction is that the American people will say, as one man: No matter what the exertions or sacrifices, we shall maintain that necessary strength! But we could make no more tragic mistake than merely to concentrate on military strength. For if we did only this, the future would hold nothing for the world but an Age of Terror.

This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence - economic, political, even spiritual - is felt in every city, every Statehouse, every office of the Federal government.

When American military men approach some serious situation they are wont to write at the head of their directive the words "over-all strategic concept". There iswisdom in this, as it leads to clarity of thought....our American military colleagues, after having proclaimed their "over-all strategic concept" and computed availableresources, always proceed to the next step-namely, the method.

Beware the military-industrial complex.

Three and a half million men and women are directly engaged in the defense establishment. We annually spend on military security more than the net income of all United State corporations.

As with our military potential, our economic assets are more than equal to the task. Our independent farmers produce an abundance of food and fibre. Our free workers are versatile, intelligent, and hardworking. Our businessmen are imaginative and resourceful. The productivity, the adaptability of the American economy is the solid foundation-stone of our security structure.