Ronald Reagan actually said...

Well, the increase—as the recession goes on and unemployment increases, of course, the deficit increases.

Exchange With Reporters Following the Radio Address to the Nation on the Program for Economic Recovery

04/02/1982

More Ronald Reagan Quotes

I intend to nominate Gen. John W. Vessey, Jr., to be Chairman of the Joint Chiefs of Staff.

America is not licked but that our spirit is alive and well.

I have faith that given the authority, State and local governments are more capable of handling their own affairs than the bureaucracy in Wa...

Deficits are not caused by our lowering taxes. Deficits are caused by government spending too much.