Ronald Reagan said "These subsidies are the present value of the difference between the terms and conditions on which direct loans or loan guarantees are available to borrowers in the private sector and the easier ones provided by Federal credit programs." @ PoliticalQuotes.com

On the recordMarch 11, 1987

These subsidies are the present value of the difference between the terms and conditions on which direct loans or loan guarantees are available to borrowers in the private sector and the easier ones provided by Federal credit programs.

Said by

Ronald Reagan

Republican · California

Source

presidency.ucsb.edu

Editor's note · Context

Message to the Congress Transmitting Proposed Legislation on Federal Credit Reform

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