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.

Not only our future economic soundness but the very soundness of our democratic institutions depends on the determination of our government to give employment to idle men.

We all know that books burn, yet we have the greater knowledge that books cannot be killed by fire. People die, but books never die. No man and no force can put thought in a concentration camp forever. No man and no force can take from the world the books that embody man's eternal fight against tyranny of every kind.

To reach a port, we must sail - sail, not tie at anchor - sail, not drift.

...We now realize as we have never before our interdependence on each other; that we cannot merely take, but we must be willing to sacrifice for the good of a common discipline, because without such discipline, no progress is made, no leadership becomes effective.

Here is my principle: Taxes shall be levied according to ability to pay. That is the only American principle.

The handling of our forests as a continuous, renewable resource means permanent employment and stability to our country life. The forests are also needed for mitigating extreme climatic fluctuations, holding the soil on the slopes, retaining the moisture in the ground, and controlling the equable flow of water in our streams.