Ronald Reagan actually said...

A recession is when your neighbor's out of work, and a depression is when you're out of work.

Remarks to the House Republican Caucus on the Budget Deficit

03/20/1984

More Ronald Reagan Quotes

We've got every reason to look to the future with unbounding optimism.

Freedom and economic advance go hand in hand; they are two sides of the same coin.

The Philippines was the 12th largest user of the program.

Together the free people of this world will ensure that liberty not only survives but triumphs.