The time has come for a new American emancipation--a great
national drive to tear down economic barriers and liberate the
spirit of enterprise in the most distressed areas of our country.
My friends, together we can do this, and do it we must, so help me
God.-- From new freedom will spring new opportunities for growth,
a more productive, fulfilled and united people, and a stronger
America--an America that will lead the technological revolution,
and also open its mind and heart and soul to the treasures of
literature, music, and poetry, and the values of faith, courage,
and love.
A dynamic economy, with more citizens working and paying taxes,
will be our strongest tool to bring down budget deficits. But an
almost unbroken 50 years of deficit spending has finally brought
us to a time of reckoning. We have come to a turning point, a
moment for hard decisions. I have asked the Cabinet and my staff a
question, and now I put the same question to all of you: If not
us, who? And if not now, when? It must be done by all of us going
forward with a program aimed at reaching a balanced budget. We can
then begin reducing the national debt.
I will shortly submit a budget to the Congress aimed at freezing
government program spending for the next year. Beyond that, we
must take further steps to permanently control Government's power
to tax and spend.
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