Ronald Reagan actually said...

"This proposal is the result of careful review within the administration and reflects an effort to strike a balance between avoiding unnecessary and wasteful expenditures of scarce Federal dollars and ..."

"The reasons they have given are absolutely false—and we've been able to prove it."

"What we want from the Fed is for the—we want the money supply to be increased at a range that is commensurate with the increase in the growth in the economy."

"It would also limit the use of the remaining funds to those projects whose products will not cost significantly more than the projected market price of competing fuels."