We can afford all that we need; but we can not afford all [that] we want.

A point has been reached where the peoples of the Americas must take cognizance of growing ill-will, of marked trends toward aggression, of increasing armaments, of shortening tempers--a situation which has in it many of the elements that lead to the tragedy of general war.... Peace is threatened by those who seek selfish power.

Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy.

I see an America whose rivers and valleys and lakes hills and streams and plains the mountains over our land and nature's wealth deep under the earth are protected as the rightful heritage of all the people.

In time of this grave national danger, when all excess income should go to win the war, no American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year.

More than an end to war, we want an end to the beginnings of all wars. Yes, an end to this brutal, inhuman and thoroughly impractical method of settling the differences between Governments. The once powerful malignant Nazi state is crumbling; the Japanese warlords are receiving in their homelands the retribution for which they asked when they attacked Pearl Harbor. But the mere conquest of our enemies is not enough; we must go on to do all in our power to conquer the doubts and the fears, the ignorance and the greed, which made this horror possible.

Competition has been shown to be useful up to a certain point and no further, but cooperation, which is the thing we must strive for today, begins where competition leaves off.