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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

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