Ronald Reagan actually said...

"Today I am pleased to announce the beginning of new relationships between the United States and the island groups that have emerged from the Pacific Islands Trust Territory."

"We in the United States pledge our friendship and support as the Northern Mariana Islands, the Marshall Islands, and the Federated States of Micronesia now walk the paths they themselves have chosen."

"We don't have a deficit because we're taxed too little; we have a deficit because they're spending too much."

"We are honored by the choices of the peoples and leaders of the two new freely associated States to associate with us in close and long-lasting relationships."