US Presidency
1963

This requires the reduction or postponement of many desirable programs, the absorption of a large part of last year's Federal pay raise through personnel and other economies, the termination of certain installations and projects, and the substitution in several programs of private for public credit. But I am convinced that the enactment this year of tax reduction and tax reform overshadows all other domestic problems in this Congress. For we can not for long lead the cause of peace and freedom, if we ever cease to set the pace here at home. Tax reduction alone, however, is not enough to strengthen our society, to provide opportunities for the four million Americans who are born every year, to improve the lives of 32 million Americans who live on the outskirts of poverty. The quality of American life must keep pace with the quantity of American goods. This country can not afford to be materially rich and spiritually poor.