Ronald Reagan: “We didn't get those deficits because Americans are undertaxed; we got those deficits because government has overspent.”

We must remain strong and free of illusion.

I am delighted that later today I'll have the opportunity to welcome President Gorbachev to the United States and extend to him the hospitality and good wishes of the American people.

We understood the key to prosperity was low-inflationary growth, and we achieved it.

Naturally, I heartily approve.