I believe that the year-long celebration leading to this important milestone in 2023 under the theme Nurturing Resilience: Adopting Technology, Embracing Humanism will provide the right setting to take stock, learn lessons, and look forward to the next 75 years. I will therefore focus my remarks today on the past, present, and future of our great university.
Reducing the deficit and avoiding a continuing buildup in government debt relative to income will be essential for bringing national production and spending into better balance. That balance, in turn, is necessary so that we are no longer so reliant on borrowing from other nations.