Debt Ceiling - Increasing Taxes & Uncontrolled Federal Spending"¦ 📈💵 Ronald Reagan 1985 * PITD

Debt Ceiling - Increasing Taxes & Uncontrolled Federal Spending"¦ 📈💵 Ronald Reagan 1985 * PITD
Address to the Nation on the Federal Budget and Deficit Reduction
April 24, 1985
Today the United States Senate began a rendezvous with history. The threads of our past, present, and future as a nation will soon converge on the single overriding question before that body: Can we at last, after decades of drift, neglect, and excess, put our fiscal house in order? Can we assure a strong and prosperous future for ourselves, our children, and their children by adopting a plan that will compel the Federal Government to end the dangerous addiction to deficit spending and finally live within its means?
Throughout our history, we Americans have been willing to meet great challenges and do what is right when our destiny demanded it. Just 4 years ago this week, I asked your support for our bipartisan recovery program. That was the program the spenders said wouldn't work, and they called it Reaganomics. You might remember April 1981: a time when our defenses were weak, inflation still in double digits, and economic growth almost dead from a government that taxed too much and spent even more than it taxed.
We knew it would take a great effort to turn that around. We knew that letting you keep more of your earnings to get our economy moving again would be resisted by the old guard in Washington. But we also knew the answer to a government that's too fat is to stop feeding its growth. We wanted America to rediscover opportunity. We asked for your help then, and you gave it to
US.
You turned America around"”turned around her confidence, turned around her economy, turned around over a decade of one national nightmare after another. We're into our 29th straight month of economic growth, with inflation staying down and more of us working than ever before-that's 8 million new jobs. Now that our program is working, you may have noticed they're not calling it Reaganomics anymore.
Once again, the United States is the flagship economy for the world. A new generation of entrepreneurs is coming up, pointing us toward a 21st century full of amazing change and vast new opportunities.
We must seize this historic moment to shape America's future"”to completely overhaul our tax code, changing it from a source of confusion and contempt to a model of fairness and simplicity, with strong, new incentives for even greater growth.
So many good things lie ahead for America. And yet all our progress, all the good we've accomplished so far, and all our dreams for the future could be wrecked if we do not overcome our one giant obstacle.
The simple truth is: No matter how hard you work, no matter how strong this economy grows, no matter how much more tax money comes to Washington, it won't amount to a hill of beans if government won't curb its endless appetite to spend. Overspending is the subject we must now address"”how budgets got so far out of balance and, yes, what together we can and must do to correct this.
You know, sometimes the big spenders in Congress talk as if all that money they spend just kind of magically appears on their doorstep, a gift from the Internal Revenue Service. They talk as if spending were all giving and no taking.
Well, there is no magic money machine. Every dollar the government spends comes out of your pockets. Every dollar the government gives to someone has to first be taken away from someone else. So, it's our moral duty to make sure that we can justify every one of your tax dollars, that we spend them wisely and carefully and, just as important, fairly.
Unfortunately, hardly anyone could honestly call Federal budgets wise, careful, or fair.

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I am a proud American, blessed father, a staunch 2A activist and a Marine Corps Veteran that just happens to be 100% blind. This is a look at the Second Amendment, firearms, self Defense, Constitutionally protected rights, Liberty and Freedom from the perspective of a Visually Impaired, Blind American. #PatriotInTheDark
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