Presidents -- United States -- Messages; United States -- Politics and government -- Sources
This is a full agenda. It's meant to be. You see, my thinking on the next
year is quite simple: Let's make this the best of 8. And that means it's
all out--right to the finish line. I don't buy the idea that this is the
last year of anything, because we're not talking here tonight about
registering temporary gains but ways of making permanent our successes. And
that's why our focus is the values, the principles, and ideas that made
America great. Let's be clear on this point. We're for limited government,
because we understand, as the Founding Fathers did, that it is the best way
of ensuring personal liberty and empowering the individual so that every
American of every race and region shares fully in the flowering of American
prosperity and freedom.
One other thing we Americans like--the future--like the sound of it, the
idea of it, the hope of it. Where others fear trade and economic growth, we
see opportunities for creating new wealth and undreamed-of opportunities
for millions in our own land and beyond. Where others seek to throw up
barriers, we seek to bring them down. Where others take counsel of their
fears, we follow our hopes. Yes, we Americans like the future and like
making the most of it. Let's do that now.
And let's begin by discussing how to maintain economic growth by
controlling and eventually eliminating the problem of Federal deficits. We
have had a balanced budget only eight times in the last 57 years. For the
first time in 14 years, the Federal Government spent less in real terms
last year than the year before. We took $73 billion off last year's deficit
compared to the year before. The deficit itself has moved from 6.3 percent
of the gross national product to only 3.4 percent. And perhaps the most
important sign of progress has been the change in our view of deficits. You
know, a few of us can remember when, not too many years ago, those who
created the deficits said they would make us prosperous and not to worry
about the debt, because we owe it to ourselves. Well, at last there is
agreement that we can't spend ourselves rich.
Our recent budget agreement, designed to reduce Federal deficits by $76
billion over the next 2 years, builds on this consensus. But this agreement
must be adhered to without slipping into the errors of the past: more
broken promises and more unchecked spending. As I indicated in my first
State of the Union, what ails us can be simply put: The Federal Government
is too big, and it spends too much money. I can assure you, the bipartisan
leadership of Congress, of my help in fighting off any attempt to bust our
budget agreement. And this includes the swift and certain use of the veto
power.
Public-domain text, read in full here on John Shaqi.
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