I wish--with all of my heart--that the expenditures that are necessary to build and to protect our power could all be devoted to the programs of peace. But until world conditions permit, and until peace is assured, America's might--and America's bravest sons who wear our Nation's uniform--must continue to stand guard for all of us--as they gallantly do tonight in Vietnam and other places in the world.

Yet neither great weapons nor individual courage can provide the conditions of peace.

For two decades America has committed itself against the tyranny of want and ignorance in the world that threatens the peace. We shall sustain that commitment. This year I shall propose:

--That we launch, with other nations, an exploration of the ocean depths to tap its wealth, and its energy, and its abundance.

--That we contribute our fair share to a major expansion of the International Development Association, and to increase the resources of the Asian Development Bank.

--That we adopt a prudent aid program, rooted in the principle of self-help.

--That we renew and extend the food for freedom program.

Our food programs have already helped millions avoid the horrors of famine.

But unless the rapid growth of population in developing countries is slowed, the gap between rich and poor will widen steadily.

Governments in the developing countries must take such facts into consideration. We in the United States are prepared to help assist them in those efforts.