US Presidency
1961

Moreover, if the budget deficit now increased by the needs of our security is to be held within manageable proportions, it will be necessary to hold tightly to prudent fiscal standards; and I request the cooperation of the Congress in this regard, to refrain from adding funds or programs, desirable as they may be, to the Budget, to end the postal deficit, as my predecessor also recommended, through increased rates, a deficit incidentally, this year, which exceeds the fiscal 1962 cost of all the space and defense measures that I am submitting today, to provide full pay as you-go highway financing, and to close those tax loopholes earlier specified. Our security and progress can not be cheaply purchased; and their price must be found in what we all forego as well as what we all must pay. III. ECONOMIC AND SOCIAL PROGRESS ABROAD I stress the strength of our economy because it is essential to the strength of our nation. And what is true in our case is true in the case of other countries.