Ronald Reagan actually said...

it isn't a step backward at all. It's a step forward toward ending this round that we've had of the excessive interest, of the excessive inflation.

08/19/1981

More Ronald Reagan Quotes

"Nancy and I extend our deep sympathy to his family and to the Ohio State University community."

"I promised to send to the Congress legislation 'whereby the true cost to the economy of Federal credit programs would be counted in the budget.'"

"The Government of Jamaica is sufficiently responsive to the United States Government concerns on drug control."

"Cheating is simply not acceptable."