On this day, thirty years ago President Reagan addressed a joint session of Congress and appeared for the first time since the assassination attempt some weeks earlier.
This address, outlining his proposal for the economy didn't leave many doubts as to who was going to win and who was going to lose.
Pres. Reagan: “The economic recovery package that I’ve outlined to you over the past few weeks is, I deeply believe, the only answer that we have left. Reducing the growth of spending, cutting marginal tax rates, providing relief from over regulation and following a non-inflationary and predictable monetary policy, are interwoven measures which will insure that we have addressed each of the severe dislocations which threaten our economic future. These policies will make our economy stronger. And the stronger economy will balance the budget which we’re committed to do by 1984.”
Which never happened. Oh, the hindsight. It's also ironic that twenty years ago President Clinton said we'd have the National Debt paid off in ten years.
Meanwhile, have you noticed gas is inching its way up to $5.00 a gallon?
And for some reason, some insane smokescreen of a reason, we're still hearing about birth certificates.
Here is the Reagan address, as broadcast by NPR (the network the Republicans de-funded) on April 28, 1981.
And, if that weren't enough - there were other things going on in the world on that particular day and you can hear all about them here:
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