US Presidency
1972

As our involvement in the war in Vietnam comes to an end, we must now go on to build a generation of peace. To achieve that goal, we must first face realistically the need to maintain our defense. In the past three years, we have reduced the burden of arms. For the first time in 20 years, spending on defense has been brought below spending on human resources. As we look to the future, we find encouraging progress in our negotiations with the Soviet Union on limitation of strategic arms. And looking further into the future, we hope there can eventually be agreement on the mutual reduction of arms. But until there is such a mutual agreement, we must maintain the strength necessary to deter war. And that is why, because of rising research and development costs, because of increases in military and civilian pay, because of the need to proceed with new weapons systems, my budget for the coming fiscal year will provide for an increase in defense spending.