Ronald Reagan actually said...

Government spending absorbed an increasing share of national income.

Message to the Congress Transmitting the Annual Economic Report of the President

02/01/1983

More Ronald Reagan Quotes

We have every reason to be optimistic.

We must see to it that adoption is a readily available alternative.

The notion that government controls, central planning, and bureaucracy can provide cost-free prosperity has now come and gone.

If H.R. 1056 were to reach the President's desk, the President's senior advisers would recommend a veto.