Political Quotes

Ronald Reagan: “These subsidies are the present value of the difference between the terms and conditions on which direct loans or loan…”

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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