"Today, 37 cents out of every dollar earned in this country is the tax collector's share, and yet our government continues to spend 17 million dollars a day more than the government takes in. We haven't balanced our budget 28 out of the last 34 years. We've raised our debt limit three times in the last twelve months, and now our national debt is one and a half times bigger than all the combined debts of all the nations of the world. We have 15 billion dollars in gold in our treasury; we don't own an ounce. Foreign dollar claims are 27.3 billion dollars. And we've just had announced that the dollar of 1939 will now purchase 45 cents in its total value."Sound familiar? It should, but today, the numbers are even worse. Reagan rejected the liberal stance that the solution to the problems was a larger, more centralized government.
"We have so many people who can't see a fat man standing beside a thin one without coming to the conclusion the fat man got that way by taking advantage of the thin one. So they're going to solve all the problems of human misery through government and government planning. Well, now, if government planning and welfare had the answer—and they've had almost 30 years of it—shouldn't we expect government to read the score to us once in a while? Shouldn't they be telling us about the decline each year in the number of people needing help? The reduction in the need for public housing? But the reverse is true."Watch the video of this amazing speech to see how much is the same as it was at that time. Notice that the stakes are the same. "This is the issue of this election: Whether we believe in our capacity for self-government or whether we abandon the American revolution and confess that a little intellectual elite in a far-distant capitol can plan our lives for us better than we can plan them ourselves."
A few more great quotes from the speech:
"Well, the trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so."
"No government ever voluntarily reduces itself in size. So governments' programs, once launched, never disappear."
"Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth."