Ronald Reagan: “The American people know the truth: We don't have a deficit because…”

On the recordOctober 27, 1986

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.

Said by

Republican · California

Source

Remarks at a Campaign Rally for Senator Jeremiah A. Denton in Birmingham, Alabama

More from Ronald Reagan

Dec 6, 1988

I'm sure they'll—as we will—they'll take it for what it is.

Dec 7, 1988

Yes, I would be deeply disappointed.

Dec 13, 1988

The objective of the United States remains, as always, a comprehensive peace in the Middle East.

Jan 10, 1989

Yes, always has been.

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Ronald Reagan: “The American people know the truth: We don't have a deficit because we're taxed too little; we have a deficit because…”