In our foreign policy, we have entered a new era. The world has changed greatly in the 11 years since President John Kennedy said in his Inaugural Address, "... we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe to assure the survival and the success of liberty."

Our policy has been carefully and deliberately adjusted to meet the new realities of the new world we live in. We make today only those commitments we are able and prepared to meet.

Our commitment to freedom remains strong and unshakable. But others must bear their share of the burden of defending freedom around the world.

And so this, then, is our policy:

--We will maintain a nuclear deterrent adequate to meet any threat to the security of the United States or of our allies.

--We will help other nations develop the capability of defending themselves.

--We will faithfully honor all of our treaty commitments.

--We will act to defend our interests, whenever and wherever they are threatened anyplace in the world.

--But where our interests or our treaty commitments are not involved, our role will be limited.

--We will not intervene militarily.