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Funny, we've never been so prosperous!
We enter 1973 economically strong [...]
America continues to provide a better and more abundant life for more of its people than any other nation in the world.
So this time we're really gonna balance that budget!
If we were to continue to expand the Federal Government at the rate of the past several decades, it soon would consume us entirely. The time has come when we must make clear choices--choices between old programs that set worthy goals but failed to reach them and new programs that provide a better way to realize those goals; and choices, too, between competing programs--all of which may be desirable in themselves but only some of which we can afford with the finite resources at our command.
Retrospective laff lines:
At home, we have learned that by working together we can create prosperity without fanning inflation; we can restore order without weakening freedom.
In the field of foreign policy, we must remember that a strong America--an America whose word is believed and whose strength is respected--is essential to continued peace and understanding in the world. The peace with honor we have achieved in Vietnam has strengthened this basic American credibility.
Big (failed) idea: No real huge one; "a fresh approach to Government" probably comes closest.