Ronald Reagan actually said...

"I am pleased to approve S. 209, which authorizes the Attorney General to contract with private counsel in pilot program districts to collect debts owed the United States."

"We cut government growth, slashed regulations, and cut income taxes almost 25 percent."

"The American people know the truth: We don't have a deficit because we're taxed too little; we have a deficit because Congress spends too much."

"The maritime industry must be encouraged to rely on the private credit market, without Federal intervention, as its source of capital if we are to continue our progress toward restoring that industry ..."