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After two terms in office, President Dwight D. Eisenhower delivers his farewell address, broadcast on radio and television on Jan. 17, 1961. "Crises there will continue to be . . . . In meeting them, whether foreign or domestic, great or small, there is a recurring temptation to feel that some spectacular and costly action could become the miraculous solution to all current difficulties. . . . But each proposal must be weighed in light of a broader consideration; the need to maintain balance between the private and the public economy, balance between the cost and hoped-for advantages, balance between our essential requirements as a nation and the duties imposed by the nation upon the individual; balance between the actions of the moment and the national welfare of the future. Good judgment seeks balance and progress; lack of it eventually finds imbalance and frustration."
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