💵 Truth on Spending & Debt — Republican National Convention — Ronald Reagan 1988 * PITD

Truth on Spending & Debt — Republican National Convention — #RonaldReagan 1988 * #PITD
Remarks at the Republican National Convention in New Orleans Louisiana
August 15, 1988 Excerpt
Today we have the first treaty in world history to eliminate an entire class of U.S. and Soviet nuclear missiles. We're working on the Strategic Defense Initiative to defend ourselves and our allies against nuclear terror. And American and Soviet relations are the best they've ever been since World War II.Show more

And virtually all this change occurred-and continues to occur—in spite of the resistance of those liberal elites who loudly proclaim that it's time for a change. They resisted our defense buildup. They resisted our tax cuts. They resisted cutting the fat out of government. And they resisted our appointments of judges committed to the law and the Constitution.

And it's time for some more straight talk. This time it's about the budget deficit. Yes, it's much too high. But the President doesn't vote for a budget, and the President can't spend a dime. Only the Congress can do that. They blame the defense increases for the deficit, yet defense spending today, in real dollars, is almost exactly what it was 6 years ago. In a 6-year period, Congress cut defense spending authority by over $125 billion. And for every $1 reduction in defense outlays, they added $2 to domestic spending.

Now, if they had passed my first budget, my first spending plan in 1982, the cumulative outlays and deficits would have been $207 billion lower by 1986. Every single year I've been in office, I have supported and called for a balanced budget amendment to the Constitution, and the liberals have said no every year. I called for the line-item veto, which 43 Governors have, to cut fat in the budget, and the liberals have said no. Every year I've attempted to limit their wild spending sprees, and they've said no. They would have us believe that runaway budget deficits began in 1981 when we took office. Well, let me tell you something: The fact is, when they began their war on poverty in the middle sixties, from 1965 through 1980—'m just those 15 years, the budgets increased to five times what they had been, and the deficits went up to 52 times what they had been before their war on poverty. Now, don't we know that if they're elected their answer will be the one they've relied on in the past, and that is higher taxes.
The other party has controlled the House of Representatives for 52 out of the last 56 years.
They've controlled the Senate also for 46 of those years.
Where we really need a change is to elect Republican majorities in both Houses.
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