Old executive Office Building next door to the white house. This video is courtesy of the Ronald Reagan president ial library in valley california. How do you do . I have a brief Opening Statement here before i take your questions yesterday secretary of the treasury donna reagan, sent to the congress of request to raise the debt to 985 billion dollars. This represents a dramatic jump of 50 billion dollars over the previous thats. You administration took this action with great regret because it is clear that the massive deficits that the government runs is one of the root causes of our profound economic problems. For too many years, this process has come to easily for us. We have lived beyond our means and then financed are extravagance on the backs of the American People. A clear message i received in the Election Campaign is that we must gain control of this inflationary monster. Let me briefly review for the American People, what we have already done. Within moments of taking the oat
I have a brief Opening Statement here before i take your questions. Yesterday, secretary of the treasury, donald regan, sent to the congress a request to raise the debt ceiling to 985 billion. This represents a dramatic jump of 50 billion over the previous debt ceiling. The administration took this action with great regret because it is clear that the massive deficits our government runs is one of the root causes of our profound economic problems. And it, for too many years, this process has come too easily for us. We have lived beyond our means and then financed our extravagance on the backs of the American People. The clear message i received in the Election Campaign is that we must gain control of this inflationary monster. Let me briefly review for the American People what we have already done. Within moments of taking the oath of office, i placed a freeze on the hiring of civilian employees in the federal government. Two days later, i issued an order to cut down on government trav
Action with great regret because it is clear the massive deficits our government runs is one of the root causes of our profound economic problems. Too many years, this process has come too easily for us. We have lived beyond our means and then financed our extravagance on the backs of the American People. A clear message i received in the Election Campaign is that we must gain control of this inflationary monster. Let me briefly review for the American People what we have already done. Within moments of taking the oath of office, i placed a freeze on the hiring of civilian employees on the government. Two days later, i issued an order to cut down on government travel, reduce the number of consultants to the government, stop the procurement of certain items, and call my employees to exercise restraint in their own offices. Yesterday, i announced the elimination of remaining federal controls on marketing p at today, i am announcing two more actions to reduce the size of the federal gover
Questions. Theerday, secretary of treasury, donald reagan, sent to the treasury a request to raise the debt ceiling. This represents a dramatic jump of 50 billion over the previous debt ceiling. The administration took this action with great regret because it is clear the massive deficits our government runs is one of the root causes of our profound economic problems. Too many years, this process has come too easily for us. We have lived beyond our means and then financed our extravagance on the backs of the American People. A clear message i received in the Election Campaign is that we must gain control of this inflationary monster. Let me briefly review for the American People what we have already done. Within moments of taking the oath of office, i placed a freeze on the hiring of civilian employees on the government. Two days later, i issued an order to cut down on government travel, reduce the number of consultants to the government, stop the procurement of certain items, and call
I have a brief Opening Statement here before i take your questions. Yesterday, secretary of the treasury, donald reagan, sent to raisengress a request to the debt ceiling to 985 billion. This represents a dramatic jump of 50 billion over the previous debt ceiling. The administration took this action with great regret because it is clear the massive deficits our government runs is one of the root causes of our profound economic problems. And for too many years, this process has come too easily for us. We have lived beyond our means and then financed our extravagance on the backs of the American People. The clear message i received in the Election Campaign is that we must gain control of this inflationary monster. Let me briefly review for the American People what we have already done. Within moments of taking the oath of office, i placed a freeze on the hiring of civilian employees on the government. Two days later, i issued an order to cut down on government travel, reduce the number o