11/02/1980
https://www.presidency.ucsb.edu...
"I firmly believe that... our Nation is stronger, wealthier, more compassionate and freer than it was four years ago."
"The growth of budget outlays has been more the result of economic factors than the cause of them."
"This is a very stringent budget."
"I am not recommending such actions, because persistent inflationary pressures dictate a restrained fiscal policy."