Press conference as president on january 29th, 1981, nine days into his presidency. This was half an hour. How do you do . I have a brief Opening Statement here before i take your questions. Yesterdays secretary of the treasury Donald Reagan 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 its clear that 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. Weve 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 weve already done. Within moments of taking the oath of office, i placed a freeze on the hiring of c
Just so you know, this is probably maybe the single most important critical keeper of the reagan legacy, reagan flame, reagan legacy in america today. Frank worked on the 76 Reagan Campaign. He worked on the 80 campaign. He worked in the reagan white house. He worked on the 84 campaign, and he also has been longtime chairman of the reagan ranch, which is one of the three major Vantage Point touch stones in american politics today. If you know anything about Ronald Reagan, theres a library in simi valley, and of course Eureka College. We learned about Eureka College last week in illinois. Frank, thank you for being here. Let me get right into it, and then the students of course are going to ask questions. You organized the very first conservative Political Action conference in 1973. 74. 74. And reagan spoke. Right. Was the keynote speaker was the star attraction. Right, well, first of all, thanks very much for having me, and its great to be here with all of your students. You know, the