Jimmy Carter actually said...

"This means that for the fiscal year which began on October 1, 1977, and which will end on September 30, 1978, new commitments... will not exceed $8.6 billion."

"This is not merely the surest way to protect and save the canal, it's a strong, positive act of a people who are still confident, still creative, still great."

"I intend to make further reductions in the next fiscal year."

"We do not own the Panama Canal Zone. We have never had sovereignty over it."