PRESIDENT RONALD REAGAN - TYPED QUOTATION SIGNED - HFSID 258335

PRESIDENT REAGAN EXPLAINS WHY WE FACE LARGE DEFICITS
 
RONALD REAGAN. Typed Quotation signed: "Ronald Reagan", 1p, 8½x11. In full: "We do not face large deficits because American families are undertaxed; we face those deficits because the Federal government overspends." Captioned: "State of the Union Address, February 2, 1986." Article II Section 3 of the U.S. Constitution requires that the President "from time to time give to the Congress Information of the State of the Union, and recommend to their Consideration such Measures as he shall judge necessary and expedient". The above quotation appeared, in context, in the following passage: "How often we read of a husband and wife both working, struggling from paycheck to paycheck to raise a family, meet a mortgage, pay their taxes and bills. And yet some in Congress say taxes must be raised. Well, I'm sorry; they're asking the wrong people to tighten their belts. It's time we reduce the Federal budget and left the family budget alone. We do not face large deficits because American families are undertaxed; we face those deficits because the Federal Government overspends. The detailed budget that we will submit will meet the Gramm-Rudman-Hollings target for deficit reductions, meet our commitment to ensure a strong national defense, meet our commitment to protect Social Security and the truly less fortunate, and, yes, meet our commitment to not raise taxes."President Reagan's State of the Union address had been scheduled to be given on January 28, 1986 but that morning the Challenger exploded.For the first time, a State of the Union address was postponed. On February 4, 1986, the President began his address to Congress: "Thank you for allowing me to delay my address until this evening. We paused together to mourn and honor the valor of our seven Challenger heroes. And I hope that we are now ready to do what they would want us to do -- go forward America and reach for the stars." Ronald Reagan (1911-2004) had two careers: actor and politician. His first movie was Love is on the Air (1937) and his 53rd and last film was The Killers (1964). In 1965, he wrote his autobiography, Where's the Rest of Me?, a line from his role as Drake McHugh in King's Row (1942). Reagan left his job hosting television's Death Valley Days during the 1965-1966 season, when he entered politics. Elected Governor of California in 1966, he was reelected in 1970. Reagan began his campaign for the presidency and narrowly lost the 1976 Republican nomination to Gerald Ford. He was elected President in 1980 and was reelected in 1984. After leaving office in 1989, he wrote his second autobiography, An American Life. On February 6, 2001, Reagan became just the third U.S. President to reach the age of 90 and the nation's longest living President until Gerald Ford (d. 2006) lived 45 days longer. Slightly creased. Otherwise, fine condition.