And for too many years this process has come to 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. American people what weve 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 Travel reduce the number of consultants to the government. Stop the procurement of certain items and called on my appointees to exercise restraint in their own offices. Yesterday i announced the elimination of remaining federal controls on us Oil Production and marketing. Today im announcing two more actions to reduce the size of the federal government. First im taking major steps toward the elimination of the council on Wage And Price stability. This council has been a f
Yesterdays secretary of the Treasury Donald Reagan sent to the congress of request to raise the Debt Ceiling to 985 billion dollars. This represents a dramatic jump of 50 billion dollars 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 to 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. American people what weve 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 Travel reduce the number of consultants to the government. Stop the procureme
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
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