All Quotes

"I am talking about the accumulated evidence of the last 5 years that our present tax system, developed as it was, in good part, during World War II to restrain growth, exerts too heavy a drag on growth in peace time; that it siphons out of the private economy too large a share of personal and business purchasing power; that it reduces the financial incentives for personal effort, investment, and risk-taking. In short, to increase demand and lift the economy, the Federal Government's most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities for private expenditures. [...] While rising demand will expand imports, new investment in more efficient productive facilities will aid exports and a new economic climate could both draw capital from abroad and keep capital here at home."

"Too large a tax cut, of course, could result in inflation and insufficient future revenues--but the greatest danger is a tax cut too little or too late to be effective."

"When consumers purchase more goods, plants use more of their capacity, men are hired instead of laid off, investment increases and profits are high."

"A tax cut means higher family income and higher business profits and a balanced federal budget.... As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance."

"Corporate tax rates must also be cut to increase incentives and the availability of investment capital. The Government has already taken major steps this year to reduce business tax liability and to stimulate the modernization, replacement, and expansion of our productive plant and equipment. [...] For all these reasons, next year's tax bill should reduce personal as well as corporate income taxes, for those in the lower brackets, who are certain to spend their additional take-home pay, and for those in the middle and upper brackets, who can thereby be encouraged to undertake additional efforts and enabled to invest more capital."

"Third, the new tax bill should improve both the equity and the simplicity of our present tax system. This means the enactment of long-needed tax reforms, a broadening of the tax base and the elimination or modification of many special tax privileges. These steps are not only needed to recover lost revenue and thus make possible a larger cut in present rates; they are also tied directly to our goal of greater growth. For the present patchwork of special provisions and preferences lightens the tax load of some only at the cost of placing a heavier burden on others. It distorts economic judgments and channels an undue amount of energy into efforts to avoid tax liabilities. It makes certain types of less productive activity more profitable than other more valuable undertakings. All this inhibits our growth and efficiency, as well as considerably complicating the work of both the taxpayer and the Internal Revenue Service. These various exclusions and concessions have been justified in part as a means of overcoming oppressively high rates in the upper brackets--and a sharp reduction in those rates, accompanied by base-broadening, loophole-closing measures, would properly make the new rates not only lower but also more widely applicable. Surely this is more equitable on both counts."

"I am confident that the enactment of the right bill next year will in due course increase our gross national product by several times the amount of taxes actually cut. Profit margins will be improved and both the incentive to invest and the supply of internal funds for investment will be increased. There will be new interest in taking risks, in increasing productivity, in creating new jobs and new products for long-term economic growth. Other national problems, moreover, will be aided by full employment. It will encourage the location of new plants in areas of labor surplus and provide new jobs for workers that we are retraining and facilitate the adjustment which will be necessary under our new trade expansion bill and reduce a number of government expenditures."

"If the economy today were operating close to capacity levels with little unemployment, or if a sudden change in our military requirements should cause a scramble for men and resources, then I would oppose tax reductions as irresponsible and inflationary; and I would not hesitate to recommend a tax increase, if that were necessary. But our resources and manpower are not being fully utilized; the general level of prices has been remarkably stable; and increased competition, both at home and abroad, along with increased productivity will help keep both prices and wages within appropriate limits."

"When I announced in April of 1961 that this kind of comprehensive tax reform would follow the bill enacted this year, I had hoped to present it in an atmosphere of a balanced budget. But it has been necessary to augment sharply our nuclear and conventional forces, to step up our efforts in space, to meet the increased cost of servicing the national debt and meeting our obligations, established by law, to veterans. These expenditure increases, let me stress, constitute practically all of the increases which have occurred under this administration, the remainder having gone to fight the recession we found in industry--mostly through the supplemental employment bill-and in agriculture. We shall, therefore, neither postpone our tax cut plans nor cut into essential national security programs. This administration is determined to protect America's security and survival and we are also determined to step up its economic growth. I think we must do both."

"Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenue to balance our budget just as it will never produce enough jobs or enough profits. Surely the lesson of the last decade is that budget deficits are not caused by wild-eyed spenders but by slow economic growth and periodic recessions, and any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus."

"I repeat: our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve--and I believe this can be done--a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future."

"I do not underestimate the obstacles which the Congress will face in enacting such legislation. No one will be satisfied. Everyone will have his own approach, his own bill, his own reduction. A high order of restraint and determination will be required if the possible is not to wait on the perfect. But a nation capable of marshaling these qualities in any dramatic threat to its security is surely capable, as a great free society, of meeting a slower and more complex threat to our economic vitality. This Nation can afford to reduce taxes, we can afford a temporary deficit, but we cannot afford to do nothing. For on the strength of our free economy rests the hope of all free nations. We shall not fail that hope, for free men and free nations must prosper and they must prevail."

"When I was a Congressman I never realized how important Congress was, but now I do."

"all ignorance toboggans into know and trudges up to ignorance again"

"Well, the purpose of reform really is directed to the encouraging of growth and employment. I quite agree that to launch into a full scale battle on general reform for academic reasons would be unwise. The central purpose behind the reform must therefore be to encourage those changes in our tax laws which will encourage economic growth for that purpose, and not merely because it might have some longer range interest or significance. The primary job will be to encourage the flow of capital into those areas which stimulate the national growth and not diminish it. But it is going to be a tough fight, because once you spell out, as I said before, reform, it's bound to affect adversely the interests of some, while favoring the interests of others. Therefore reform may be a longer task, and we are anxious that in the effort to get reform, that we do not lose the very important matter of tax reduction for the sake of the economy."

"So that as I tried to say in my speech, we are not faced with the question of balancing our budget, or having a tax reduction. I believe we are faced with the fact that we are going to have a deficit mostly because of the sharp rise in the recent years in space and defense, and to increase our taxes sufficient to bring that budget into balance would be defeating, because of course it would provide a heavy deflationary effect on our economy, and move us into a recession at an accelerated rate."

"I want to point out that we have increased in conventional forces in the last 2 years the number of our divisions from 11 to 16, and we are also providing equipment for 22 divisions in case it were necessary to mobilize our Guard. We have six divisions in Europe, and we have the equipment for two more. Now, I think the Cuban incident indicated the importance of a strong conventional force. The greatest factor on our side was the fact that we had superior conventional strength on the scene, and it would have been necessary to equalize that strength for the Soviets to initiate the use of nuclear weapons, which of course they were quite reluctant to do."

"But I must say I am reminded of Mr. Robert Frost's motto about not taking down a fence until you know why it is put up, and this is a method by which the United States maintains a position of influence and control around the world, and sustains a good many countries which would definitely collapse or pass into the Communist bloc."

"A man may die, nations may rise and fall, but an idea lives on. Ideas have endurance without death."

"This increase in the life span and in the number of our senior citizens presents this Nation with increased opportunities: the opportunity to draw upon their skill and sagacity — and the opportunity to provide the respect and recognition they have earned. It is not enough for a great nation merely to have added new years to life — our objective must also be to add new life to those years."

"With all of the history of war, and the human race's history unfortunately has been a good deal more war than peace, with nuclear weapons distributed all through the world, and available, and the strong reluctance of any people to accept defeat, I see the possibility in the 1970's of the President of the United States having to face a world in which 15 or 20 or 25 nations may have these weapons.""

"The President's News Conference (107)" (21 March 1963)"

"...we must think and act not only for the moment but for our time. I am reminded of the story of the great French Marshal Lyautey, who once asked his gardener to plant a tree. The gardener objected that the tree was slow-growing and would not reach maturity for a hundred years. The Marshal replied, 'In that case, there is no time to lose, plant it this afternoon.'"

"The dangers in the proliferation of national nuclear weapons systems are so obvious that I am sure I need not repeat them here. It is because of our preoccupation with this problem that my Government has sought to arrange with you for periodic visits to Dimona. When we spoke together in May 1961 you said that we might make whatever use we wished of the information resulting from the first visit of American scientists to Dimona and that you would agree to further visits by neutrals as well. I had assumed from Mrs. Meir's comment that there would be no problem between us on this. We are concerned with the disturbing effects on world stability which would accompany the development of a nuclear weapons capability by Israel. I cannot imagine that the Arabs would refrain from turning to the Soviet Union for assistance if Israel were to develop a nuclear weapons capability--with all the consequences this would hold. But the problem is much larger than its impact on the Middle East. Development of a nuclear weapons capability by Israel would almost certainly lead other larger countries, that have so far refrained from such development, to feel that they must follow suit. I can well appreciate your concern for developments in the UAR. But I see no present or imminent nuclear threat to Israel from there. I am assured that our intelligence on this question is good and that the Egyptians do not presently have any installation comparable to Dimona, nor any facilities potentially capable of nuclear weapons production. But, of course, if you have information that would support a contrary conclusion, I should like to receive it from you through Ambassador Barbour. We have the capacity to check it."

"I think when we talk about corporal punishment, and we have to think about our own children, and we are rather reluctant, it seems to me, to have other people administering punishment to our own children, because we are reluctant, it puts a special obligation on us to maintain order and to send children out from our homes who accept the idea of discipline. So I would not be for corporal punishment in the school, but I would be for very strong discipline at home so we don't place an unfair burden on our teachers."

"O God, thy sea is so great and my boat is so small."

"What we seek to advance, what we seek to develop in all of our colleges and universities, are educated men and women who can bear the burdens of responsible citizenship, who can make judgments about life as it is, and as it must be, and encourage the people to make those decisions which can bring not only prosperity and security, but happiness to the people of the United States and those who depend upon it."

"nothing except the impossible shall occur"

"No country can possibly move ahead, no free society can possibly be sustained, unless it has an educated citizenry whose qualities of mind and heart permit it to take part in the complicated and increasingly sophisticated decisions that pour not only upon the President and upon the Congress, but upon all the citizens who exercise the ultimate power...Quite obviously, there is a higher purpose, and that is the hope that you will turn to the service of the State the scholarship, the education, the qualities which society has helped develop in you; that you will render on the community level, or on the state level, or on the national level, or render on the community level, or on the state level, or on the national level, or the international level a contribution to the maintenance of freedom and peace and the security of our country and those associated with it in a most critical time."

"This Nation was founded by men of many nations and backgrounds. It was founded on the principle that all men are created equal, and that the rights of every man are diminished when the rights of one man are threatened."

"Dante once said that the hottest places in hell are reserved for those who, in a period of moral crisis, maintain their neutrality."

"There are those who regard this history of past strife and exile as better forgotten. But, to use the phrase of Yeats, let us not casually reduce "that great past to a trouble of fools." For we need not feel the bitterness of the past to discover its meaning for the present and the future."

"The world is even smaller today, though the enemy of John Boyle O'Reilly is no longer a hostile power. Indeed, across the gulfs and barriers that now divide us, we must remember that there are no permanent enemies. Hostility today is a fact, but it is not a ruling law. The supreme reality of our time is our indivisibility as children of God and our common vulnerability on this planet."

"The problems of the world cannot possibly be solved by skeptics or cynics whose horizons are limited by the obvious realities. We need men who can dream of things that never were and ask "why not?"."

"The peace-keeping machinery of the United Nations cannot work without the help of the smaller nations, nations whose forces threaten no one and whose forces can thus help create a world in which no nation is threatened. Great powers have their responsibilities and their burdens, but the smaller nations of the world must fulfill their obligations as well."

"Five score years ago the ground on which we here stand shuddered under the clash of arms and was consecrated for all time by the blood of American manhood. Abraham Lincoln, in dedicating this great battlefield, has expressed, in words too eloquent for paraphrase or summary, why this sacrifice was necessary. Today, we meet not to add to his words nor to amend his sentiment but to recapture the feeling of awe that comes when contemplating a memorial to so many who placed their lives at hazard for right, as God gave them to see right. Among those who fought here were young men who but a short time before were pursuing truth in the peaceful halls of the then new University of Notre Dame. Since that time men of Notre Dame have proven, on a hundred battlefields, that the words, "For God, For Country, and For Notre Dame," are full of meaning. Let us pray that God may grant us the wisdom to find and to follow a path that will enable the men of Notre Dame and all of our young men to seek truth in the halls of study rather than on the field of battle.""

"I must say that though other days may not be so bright, as we look toward the future, that the brightest days will continue to be those we spent with you here in Ireland."

"This is not the land of my birth, but it is the land for which I hold the greatest affection, and I certainly will come back in the springtime"

"Communism has sometimes succeeded as a scavenger, but never as a leader. It has never come to power in a country that was not disrupted by war or corruption, or both."

"Children are the world's most valuable resource and its best hope for the future."

"Many of the programs, and many of the things that I'd been interested in, I saw how they deteriorated. I saw how many things were pushed back on the back burner, and many of the things that I had been involved in were no longer a part of his overall domestic programs. It was just too much. I said I didn't want to go through it anymore."

"The scale of the plague is surprising, indeed shocking, but not its appearance. Nor the fact that the U.S. has the worst record in responding to the crisis. [...] Market signals were clear: There's no profit in preventing a future catastrophe. [...] The government could have stepped in, but that's barred by reigning doctrine: "Government is the problem," Reagan told us with his sunny smile, meaning that decision-making has to be handed over even more fully to the business world, which is devoted to private profit and is free from influence by those who might be concerned with the common good. The years that followed injected a dose of neoliberal brutality to the unconstrained capitalist order and the twisted form of markets it constructs. [...] The neoliberal version of capitalism has been in force since Reagan and Margaret Thatcher, beginning shortly before. There should be no need to detail its grim consequences. Reagan's generosity to the super-rich is of direct relevance today as another bailout is in progress. Reagan quickly lifted the ban on s and other devices to shift the tax burden to the public, and also authorized stock buybacks — a device to inflate s and enrich corporate management and the very wealthy (who own most of the stock) while undermining the of the enterprise."

"It was this idea (Be nice!) that fueled liberals' rage at Reagan when he vanquished the Soviet Union with his macho "cowboy diplomacy" that was going to get us all blown up. As the Times editorial page hysterically described Reagan's first year in office: "Mr. Reagan looked at the world through gun sights." Yes, he did! And now the Evil Empire is no more."

"In the Reagan years, more federal debt was added than in the entire prior history of the United States."

"He has the ability to make statements that are so far outside the parameters of logic that they leave you speechless."

"I'd heard my parents [Ronald and Nancy Reagan] read their horoscopes aloud at the breakfast table, but that seemed pretty innocuous to me. Occasionally, I read mine, too — usually so I can do the exact opposite of what it says. But my parents have done what the stars suggested — altered schedules, changed travel plans, stayed home, cancelled appearances.""

"When someone says, "But he [Reagan] was giving arms to people he knew had killed our Marines," it's hard to respond to that."

"Feminists were lukewarm to the presidency of Democrat Jimmy Carter (1977-1981)...The election of Ronald Reagan in 1980, however, promised to throw more obstacles in the path of feminists' efforts to promote their agenda on the national stage. Reagan had campaigned with the promise "to get the government off our backs"-a reaction to the Great Society of Lyndon Johnson and its expansion of a welfare state and increased federal regulatory powers. In particular, his administration went on the offensive against government support for feminist programs. After an extensive battle in which feminist politicians fought back, the Reagan administration succeeded in marginalizing the Women's Education Action Project within the Department of Education, which had promoted programs that addressed discrimination in education. More significant was that Reagan filled leadership vacancies on the Commission on Civil Rights and the Equal Employment Opportunity Commission by appointing men who opposed the mandate of those agencies to address past discrimination on the grounds of race or sex. Reagan's budget cuts-he trimmed federal agencies' resources by 12 percent-also dismayed feminists as federal programs to assist poor women and children shrank during his presidency."

"I really believe Reagan is fundamentally a decent and honest man. His politics? When the Government of the United States borrows a large part of the savings of the world, the consequence is that capital must become scarce and expensive in the whole world. That's a problem."

"Former aides say Ronald Reagan was a man who read his horoscope and the "funnies" before the rest of the paper. They say he wasn't only indulging his wife — that the former president also believed in astrology."