Ronald Reagan - News Conference

"From the day our administration took office, our top priority has been to rescue this economy from years of government mismanagement. We inherited the highest rates since the Civil War, the first back-to-back years of double-digit inflation since World War I, rising budget deficits, and a national debt ready to break through the trillion dollar barrier.

For years, government spending and taxation have grown faster than the underlying economy. The American people elected us to reverse that trend, and that's what we've begun to do. Our program has only been in effect for some 40 days, and you can't cure 40 years of problems in that short time. But we've laid a firm foundation for economic recovery in 1982.

...We have no plans for putting Americans in combat any place in the world. And our goal is peace; it has always been. And at the end of this month, we will go into negotiations with the Soviet Union on what I hope will be reduction of the theatre nuclear weapons in Europe to the lowest point possible."
Ronald Reagan

November 10, 1981

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