Ronald Reagan actually 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.

Context

Message to the Congress Transmitting Proposed Legislation on Federal Credit Reform

03/11/1987

https://www.presidency.ucsb.edu...

More Ronald Reagan Quotes

The Nation is grateful for their special service, and enactment of H.R. 1811 makes clear the Nation's continuing concern for their welfare.
5/19/1988
I have today approved H.R. 1811, the 'Radiation-Exposed Veterans Compensation Act of 1988.'
5/19/1988
Your support, your friendship has meant more to me than I can say.
5/19/1988
I would relish the opportunity to say a few words here—that is never discussed very much.
5/19/1988

View All Ronald Reagan Quotes