Ronald Reagan actually said...

I assure you that the Administration will not relax one bit in our continued pursuit of spending cuts.

Letter to Representative Trent Lott, House Republican Whip, on Federal Tax and Budget Reconciliation Legislation

08/16/1982

More Ronald Reagan Quotes

The answer to our trade balance problem is not to close our markets, cut imports, or collapse trade.

We learned that lesson half a century ago when we tried to balance the trade deficit by erecting a tariff wall around the United States.

We must make certain that all mankind benefits from a healthy and robust international trading system, one that is both free and fair.

The end result of this absurdity is industrial stagnation: no new factories, no new development, and no new jobs.