On the recordFebruary 13, 1983
America didn't run up a trillion-dollar debt because government didn't tax enough; we're saddled with a trillion-dollar debt because government spent too much.
Source
presidency.ucsb.eduEditor's note · Context
Remarks and a Question-and-Answer Session via Satellite to the Young Presidents Organization in Tucson, Arizona
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More from Ronald Reagan
Nov 26, 1988
I think the other way would have sent out a wrong signal that we were patsies.
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