Unless liberty flourishes in all lands, it cannot flourish in one.

Our present tax system ... exerts too heavy a drag on growth ... It reduces the financial incentives for personal effort, investment, and risk-taking ... The present tax load ... distorts economic judgments and channels an undue amount of energy into efforts to avoidtaxliabilities.

The torch has been passed to a new generation of Americans, born in this century... unwilling to witness or permit the slow undoing of those human rights to which this nation has always been committed, and to which we are committed today.

But I think the American people expect more from us than cries of indignation and attack. The times are too grave, the challenge too urgent, and the stakes too high to permit the customary passions of political debate. We are not here to curse the darkness, but to light the candle that can guide us through that darkness to a safe and sane future. As Winston Churchill said on taking office some twenty years ago: if we open a quarrel between the present and the past, we shall be in danger of losing the future.

Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.

We will neglect our cities to our peril, for in neglecting them we neglect the nation.

Now, as never before, hundreds of millions of men and women-who had formerly believed that stoic resignation in the face of hunger and disease and darkness was the best one could could do-have come alive with a new sense that the means are at hand with which to make for themselves a better life.