The hopes of the Republic cannot forever tolerate either undeserved poverty or self-serving wealth.

We look forward to a world founded upon four essential human freedoms. The first is freedom of speech and expression. The second is freedom of every person to worship God in his own way. The third is freedom from want. The fourth is freedom from fear.

Resort to force in the Great War (I) failed to bring tranquillity. Victory and defeat alike were sterile. That lesson the world should have learned.

Our handicaps exist only in our minds.

Calm seas never made a good sailor

Your profits are going to be cut down to a reasonably low level by taxation. Your income will be subject to higher taxes. Indeed in these days, when every available dollar should go to the war effort, I do not think that any American citizen should have a net income in excess of $25,000 per year after payment of taxes.

If the Nation is living within its income, its credit is good. If, in some crises, it lives beyond its income for a year or two, it can usually borrow temporarily at reasonable rates. But if, like a spendthrift, it throws discretion to the winds, and is willing to make no sacrifice at all in spending; if it extends its taxing to the limit of the peoples power to pay and continues to pile up deficits, then it is on the road to bankruptcy.