02/01/1987
https://www.presidency.ucsb.edu...
"I think most of you know how badly out of control Federal spending has gotten in recent years."
"That's why I'm one of those Americans who has always believed a constitutional amendment mandating that Congress balance the budget is the answer to what ails us."
"Keep especially in mind the brave sailors of the U.S.S. Stark."
"Even two centuries ago, some of them, especially Thomas Jefferson, were troubled by one omission: the lack of a limitation on public borrowing by the Federal Government."