Harry Truman
The Public Record
Harry S. Truman was the 33rd President of the United States, serving from April 12, 1945, to January 20, 1953. A member of the Democratic Party, he assumed the presidency after the death of Franklin D. Roosevelt. Truman is known for his decisive leadership during the final months of World War II, including the controversial decision to use atomic bombs on Hiroshima and Nagasaki, which contributed to Japan's surrender. He also played a significant role in the early stages of the Cold War, implementing the Truman Doctrine to contain communism and establishing NATO.
We can't repudiate the signed obligations of the Government of the United States, and we don't intend to.
Now, I would like to say a word to comfort and console those who fear that we are spending our way into national bankruptcy.
We've got to be sure that the Government's financial affairs are well managed.
I know taxes are high and I know they are burdensome, but we ought to keep this thing in the proper perspective.
Over the last 5 years we have operated the Government with a surplus--a surplus of nearly $8 billion altogether.
The things I have mentioned add up to more than $60 billion out of the total estimated expenditures of $68 billion.
We must face up to these problems and do whatever is required to meet them--and it is going to cost a lot of money.
If people couldn't blow off steam that way sometimes, they might explode.
I want just as many people as possible to know the whole story--the facts as they actually are.
Your great organization is founded on the fraternal program, which means the brotherhood of man.
Our faith is that free men, working together, can attain these objectives.
The two institutions that are meeting here today were created in recognition of that fact.
The major purpose of the International Monetary Fund is to help the growth of a vigorous system of world trade.
I am glad you are having your meeting here, and I hope you will have a successful and pleasant one, and I am sure you will.
The economic resources of the free nations, taken together, are sufficient to provide both military security and economic progress.
The free nations of the world have joined together in a great cooperative effort to protect themselves against aggression.





