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.

Chamberlain's visit to Hitler today may bring things to a head or may result in a temporary postponement of what looks to me likean inevitable conflict within the next five years.

In a democratic nation, power must be linked with responsibility, and obliged to defend and justify itself within the framework of the general good.

What America needs now is a drink.

And yet our distress comes from no failure of substance. We are stricken by no plague of locusts. Compared with the perils which our forefathers conquered, because they believed and were not afraid, we have still much to be thankful for. Nature still offers her bounty and human efforts have multiplied it. Plenty is at our doorstep, but a generous use of it languishes in the very sight of the supply.

No democracy can long survive which does not accept as fundamental to its very existence the recognition of the rights of minorities.

Against naked force the only possible defense is naked force. The aggressor makes the rules for such a war; the defenders have no alternative but matching destruction with more destruction, slaughter with greater slaughter.