07/02/1986
https://www.presidency.ucsb.edu...
"To the Congress of the United States: In accordance with the Impoundment Control Act of, 1974, I herewith report three new deferrals of budget authority totaling $1,758.3 million."
"It's unconscionable that this could have been going on all these years."
"We are the most prosperous nation in the world with unequaled opportunities for individuals to enjoy the fruits of their labors."
"By the authority vested in me as President of the United States of America by Section 501 of the Refugee Education Assistance Act of 1980."