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09/18/1981 (case file 043541)
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118566280
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09/18/1981 (case file 043541)
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Records of the Office of the President (Reagan Administration)
Presidential Briefing Papers
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Ronald Reagan Presidential Library
Digital Library Collections
This is a PDF of a folder from our textual
collections.
Collection: President, Office of the: Presidential
Briefing Papers: Records, 1981-1989
Folder Title: 09/18/1981 (Case File: 043541)
Box: 6
To see more digitized collections visit:
https://reaganlibrary.gov/archives/digital-library
To see all Ronald Reagan Presidential Library
inventories visit:
https://reaganlibrary.gov/document-collection
Contact a reference archivist at:
[email protected]
Citation Guidelines: https://reaganlibrary.gov/citing
J
ID # 043541
WHITE HOUSE
DA
OFFICE OF RECORDS MANAGEMENT
C.F.
WORKSHEET
X MEDIA
H . INTERNAL
Subject Codes:
Name of Document:
BRIEFING PAPERS FOR
PRESIDENT'S SCHEDULED
APPOINTMENTS
FOR SEP1881 PR007.01
1, 9/16 Subject: Draft of Presidential activities
for 23,24,25,26,27,28,29,30 September 18,19,20,21,22,
2
speech to National Federation
Backup copy of Presidential
IR 024.02
SP 542
of Republican Women
PL 005.04
-
-
-
-
ROUTE TO:
ACTION
DISPOSITION
Tracking
Type
Completion
Action
Date
of
Date
Office/Agency
(Staff Name)
Code
YY/MM/DD
Response
Code YY/MM/DD
RMMATT
RSZ
81,10,30
C811430
Referral Note:
9/16/81
Friday, September 18
11:00 am
N
Ford Museum Dedication
Following dedication, depart for Denver
N
3:00 pm
Speak to National Federation of
Republican Women in Denver
Return to Andrews and on to Camp David
Saturday, September 19
Camp David (possible meetings)
Sunday, September 20
Camp David
5:00 pm
Return to Washington
то/пт/с
Monday, September 21
8:45 am
Staff Time (Baker, Meese, Deaver) Oval Office
(30 min)
9:00 am
Working Breakfast (Fuller) Cabinet Room
(90 min)
10:30 am
Senior Staff time Oval Office
(15 min)
10:45 am
Personal Staff Time
Oval Office
(30 min)
11: 30 am
Hold for Foreign Visitor (Allen ) Oval Office
(15 min)
12:00 m
Lunch
3:30 pm
Presentation of Diplomatic Credentials
(45 min)
(Allen) Oval Office
4:30 pm
Congressional Time (Friedersdorf) Oval Office
(45 min)
4:30 - 15 min - Pickle, etal
4:45 - 15 min - Mtg. with Cong. Denny Smith etal
5:05 - 5 min - Photo with Cong. Albert Lee Smith
and Richard Schultze
5:10 - 5 min - Photo with Cong. Ronald Mottl
and son
5:15 pm
Staff Time (Baker, Meese, Deaver) Oval Office
(15 min)
5:30 pm
T
Refreshments with Selected Members of W. H.
(30 min)
Correspondents (Speakes) Blue Roon
6:00 pm
To Private Quarters
9/16/81
Tuesday, September 22
9:00 am
Staff Time (Baker, Meese, Deaver) Oval Office
(30 min)
9:30 am
Senior Staff Time
Oval Office
(15 min)
9:45 am
Personal Staff Time Oval Office
(30 min)
10:30 am
Meeting with Joint Chiefs of Staff (Allen)
(30 min)
Cabinet Room
11:30 am
Meeting with Ralph Abernathy
(20 min)
(Dole) Oval Office
12:00 m
Lunch and Personal Staff Time
(90 min)
1:30 pm
Cabinet Meeting (Fuller) Cabinet Room
(60 min)
4:00 pm
Taping Session
(20 min)
(1) WHO Interview
T
(2) Roy Acuff - for NBC Special
4:30 pm
Haircut
(30 min)
5:15 pm
Photo opportunity with Vice Chairmen of
House-Senate Dinner Fundraiser
5:30 pm
N
Join White House Reception for Eagles
(30 min)
7:45 pm
N
Depart W. H. for Phillips Gallery for
8:00 to 8:30 dropky (Black Tie)
8:50 pm
N
Dropby at Ambassaãor's Ball at Washington
(25 min)
Hilton (Black Tie)
9:30 pm
Arrive back at White House
To/aT/6
Wednesday, September 23
9:00 am
Staff Time (Baker, Meese, Deaver) Oval Office
(30 min)
9:30 am
Senior Staff Time
Oval Office
(15 min)
9:45 am
Personal Staff Time
Oval Office
(30 min)
10:15 am
N
RSVP Greeting (Dole/Nofziger) Rose Garden or
(10 min)
Roosevelt Room
10:30 am
Meeting with Roy Brewer regarding labor
(15 min)
(Fuller) Oval Office
11:00 am
Meeting with Cabinet Council on Natural
(60 min)
Resources (Fuller) Cabinet Room
1:15 pm
T:
To Quantico
4:30 pm
E1
Return White House
6:25 pm
Photo with Tom McCartin, President,
(5 min)
Dallas Times Herald - Residence Elevator
(Newell)
6:30 pm
N
Reception for Texas and California Congres-
(45 min)
sional Delegations and W. H. Staff - South Lawn
(Friedersdorf/Brandon)
7:15 pm
To Private Quarters
9/16/81
Thursday, September 24
9:00 am
Staff Time (Baker, Meese, Deaver) Oval Office
(30 min)
9:30 am
Senior Staff Time
Oval Office
(15 min)
9:45 am
Personal Staff Time Oval Office
(30 min)
11:45 am
Reception - Supreme Court - larger group
(30 min)
Rose Garden (backup location - E. Room)
12:15 pm
Luncheon for Supreme Court Justices and Spouses
(75 min)
State Dining Room (McCoy/Fielding)
1:30 pm
National Security Council (Allen) Cabinet Room
(60 min)
2:30 pm
Personal Staff Time
(30 min)
3:00 pm
Meeting with NGA Executive Committee (Williamson)
(30 min)
Cabinet Room
3:30 pm
To Residence
5:30 pm
N
To Richmond for 6:30 Reception for
Marshall Coleman, and return to White House
immediately after
9/16/81
Friday, September 25
9:00 am
Staff Time (Baker, Meese, Deaver) Oval Office
(30 min)
9:30 am
Senior Staff Time
Oval Office
(15 min)
9:45 am
Personal Staff Time
Oval Office
(30 min)
10:30 am
Briefing for Moi Visit
(60 min)
11:30 am
Meeting with President Moi of Kenya
(30 min)
(Allen) Oval Office
12:00 m
Luncheon with President Moi
(75 min)
2:00 pm
TN
Hold
3:30 pm
TN
To Camp David
)
9/16/81
Saturday, September 26
T'
Camp David
Speech preparation for New Orleans speech
Sunday, September 27
T
Camp David
9/16/81
Monday, September 28
9:30 am
Depart for New Orleans
11:00 am
Speak to International Association of
Police Chiefs in New Orleans
12:00 m
Attend a Political Event in New Orleans
3:30 pm
Return to Washington
Tuesday, September 29
(Rosh Hoshana)
9:00 am
Staff Time (Baker, Meese, Deaver) Oval Office
(30 min)
10:00 am
Speech to World Bank gathering
11:30 am
Senior Staff time Oval Office
(15 min)
11:45 am
Personal Staff Time Oval Office
(30 min)
12:15 pm
Lunch with Helene von Damm (Oval Office)
(60 min)
1:15 pm
Personal Staff Time Oval Office
(45 min)
4:00 pm
Congressional Photo Session (Friedersdorf)
(45 min)
Oval Office
4:45 pm
Staff Time (Baker, Meese, Deaver) Oval Office
(30 min)
5:15 pm
T
Photo opportunity with Legislative Candidates
(10 min)
(Nofziger) Roosevelt Room
5:30 pm
N Reception for Congressional Supporters
(30 min)
of Economic Recovery Program
9/16/81
Wednesday, September 30
9:00 am
Staff Time (Baker, Meese, Deaver) Oval Office
(30 min)
9:30 am
Meeting with GOP Congressional Leaders
(60 min)
(Friedersdorf) Cabinet Room
10:30 am
Senior Staff Time
Oval Office
(15 min)
10:45 am
Personal Staff Time
Oval Office
(30 min)
12:00 m
To Residence for Lunch
1:30 pm
T
To Quantico for riding
4:30 pm
T
Return to South Grounds
(PARVIN/TD)
BACKUP COPY FOR THE PRESIDENT:
NATIONAL FEDERATION OF REPUBLICAN WOMEN -- SEPT. 18, 1981
THANK YOU FOR YOUR GENEROUS APPLAUSE. DENVER IS KNOWN
AS THE MILE HIGH CITY & YOU CERTAINLY HAVE MADE NANCY & ME
FEEL A MILE HIGH.
LAST MONTH IN CALIF. WHEN PEOPLE APPLAUDED I DIDN'T
KNOW IF THEY WERE CLAPPING OR SWATTING MEDFLIES.
YOU KNOW WHEN I WAS GOVERNOR I ONCE ADDRESSED A LARGE,
DISTINGUISHED AUDIENCE IN MEXICO CITY, I SAT DOWN TO VERY
UNENTHUSIASTIC APPLAUSE AND WAS RATHER EMBARRASSED -- AND
EVEN MORE SO WHEN THE NEXT MAN WHO SPOKE, A REPRESENTATIVE
OF THE MEXICAN GOVERNMENT, PROCEEDED TO SPEAK IN SPANISH,
WHICH I DID NOT UNDERSTAND. HE WAS GETTING APPLAUSE AT
VIRTUALLY EVERY SENTENCE.
SO TO HIDE MY EMBARRASSMENT,
WHEN THEY STARTED APPLAUDING I STARTED APPLAUDING, AND I
CLAPPED LOUDER AND LONGER THAN ANYONE UNTIL OUR AMBASSADOR
LEANED OVER AND SAID, "I WOULDN'T DO THAT IF I WERE YOU,
HE'S INTERPRETING YOUR SPEECH."
BUT TODAY YOU ARE THE ONES WHO DESERVE THE APPLAUSE FOR
THE SUPPORT YOU GAVE US IN PASSING THE RECENT BUDGET & TAX
BILLS.
WHEN I SIGNED THAT LEGISLATION I USED 24 PENS. THE
REASON IT TOOK 24 PENS WAS NOT BECAUSE THEY WERE GOVERNMENT-
ISSUED. THEY WERE FOR SOME OF THE PEOPLE WHO HELPED GET
THE BILLS THROUGH THE CONGRESS.
PAGE 2
BUT, YOU KNOW, IF I HAD PENS FOR EVERYONE WHO ASSISTED US,
THOUSANDS UPON THOUSANDS OF AMERICANS WOULD HAVE RECEIVED
THEM. THEY PHONED OR CONTACTED THEIR CONGRESSMEN; THEY
WORKED ON OUR BEHALF; AND ULTIMATELY THEY WON A GREAT VICTORY
FOR OUR COUNTRY.
THE NATIONAL FEDERATION OF REPUBLICAN WOMEN WAS A VITAL
PART OF THAT EFFORT. I KNOW OF YOUR TWO HOTLINES AND WHAT
THEY ACCOMPLISHED. SO EACH OF YOU HERE TODAY DESERVES A
PEN, AN ENGRAVED PEN THAT READS: IN DEEP APPRECIATION FOR
YOUR GENEROUS SERVICE TO YOUR PARTY AND YOUR NATION.
WHEN YOU THINK ABOUT IT, THAT SHOULD REALLY BE NO
SURPRISE. LONG AGO THE GREAT COMMENTATOR, DE TOCQUEVILLE,
CAME HERE TO AMERICA FROM FRANCE, AND AFTER A LONG LOOK AT
OUR COUNTRY, HE WROTE, " IF ANYONE ASKS ME WHAT I THINK
THE CHIEF CAUSE OF THE EXTRAORDINARY PROSPERITY AND GROWING
POWER OF THIS NATION, I SHOULD ANSWER THAT IT IS DUE TO THE
SUPERIORITY OF THEIR WOMEN." -- I WOULD ADD ESPECIALLY THEIR
REPUBLICAN WOMEN.
WE HAVE TAPPED MANY FINE REPUBLICAN WOMEN TO SERVE IN
THE ADMINISTRATION. AND IN SPITE OF THE MISTAKEN NOTIONS
WE ARE SOMEHOW LAGGING IN WOMEN APPOINTMENTS, THE TRUTH IS
JUST THE OPPOSITE. AFTER 8 MONTHS IN OFFICE, WE HAVE
SELECTED AS MANY WOMEN TO SERVE IN TOP POLICY-MAKING POSTS
AS THE PREVIOUS ADMINISTRATION HAD AT THE END OF AN ENTIRE
YEAR. AND MORE APPOINTMENTS WILL FOLLOW. WHAT THIS MEANS
IS THAT, FOR A COMPARABLE PERIOD OF TIME, WE SOON WILL HAVE
APPOINTED MORE WOMEN TO SUBSTANTIVE JOBS THAN ANY OTHER
ADMINISTRATION IN HISTORY. AND LET ME ASSURE YOU: THIS IS
ONLY THE BEGINNING.
PAGE 3
OF COURSE, ONE ACCOMPLISHMENT I'M ESPECIALLY PROUD OF
AS PRESIDENT IS THE APPOINTMENT TO THE SUPREME COURT OF
SANDRA O'CONNOR. SHE IS AN OUTSTANDING EXAMPLE OF THE
QUALIFIED WOMEN LIVING ALL ACROSS THIS COUNTRY WHOSE TALENTS
AND ENERGIES CAN BE SO HELPFUL IN WASHINGTON. AND LET ME
SAY THAT ONE OF HER GOOD QUALITIES IS THE FACT SHE WAS A
MEMBER OF THIS ORGANIZATION BEFORE SHE JOINED THE BENCH, I
AM CONVINCED SHE WILL BE A FINE JUSTICE -- NOT JUST BECAUSE
SHE IS THE FIRST WOMAN ON THE COURT -- BUT SHE ALSO BRINGS
WITH HER A PHILOSOPHY THAT I BELIEVE IS ESPECIALLY APPROPRIATE
FOR THE COURT. AS SHE SAID IN HER TESTIMONY BEFORE THE
SENATE, " THE PROPER ROLE OF THE JUDICIARY IS ONE OF
INTERPRETING AND APPLYING THE LAW, NOT MAKING IT." I
BELIEVE MRS. O'CONNOR'S COMMITMENT TO JUDICIAL RESTRAINT
WILL HELP TO REDEFINE THE COURT'S ROLE IN OUR DAILY LIFE.
SANDRA O'CONNOR IS A NEW JUSTICE FOR A NEW AMERICAN ERA.
TODAY I WANT TO DISCUSS AN ISSUE THAT AFFECTS YOU AS
REPUBLICANS, AS WOMEN, AND AS AMERICANS. DURING LAST
YEAR'S CAMPAIGN, I MADE A PLEDGE TO THE AMERICAN PEOPLE -- A
PLEDGE TO RETURN THIS NATION TO ECONOMIC HEALTH AND VITALITY.
I HAVE NEVER TAKEN A COMMITMENT MORE SERIOUSLY -- WITH THE
POSSIBLE EXCEPTION OF THE ONE I MADE NEARLY 30 YEARS AGO TO
YOU KNOW WHO.
THIS AFTERNOON LET ME REVIEW THE PROGRESS WE HAVE MADE
IN MEETING THAT ECONOMIC COMMITMENT TO THE PEOPLE AND WHAT
WE MUST YET STILL ACCOMPLISH.
8 MONTHS AGO, WE WERE BOGGED DOWN WITH FEDERAL REGULATIONS,
HEAVIER & HEAVIER TAXATION, AND THE LOWEST LEVEL OF INVESTMENT
AND SAVINGS IN OUR INDUSTRIALIZED WORLD.
PAGE 4
FEW OF US COULD KEEP OUR HEADS ABOVE THE RISING INFLATION
RATE. OUR ECONOMY WAS SINKING
AND TAKING MOST AMERICANS
WITH IT.
WITH BIPARTISAN SUPPORT, WE PASSED THE LARGEST SPENDING
AND TAX REDUCTIONS IN HISTORY. WE ALSO LAUNCHED ONE OF THE
LARGEST REGULATORY RELIEF RESCUES EVER ATTEMPTED. THE
ECONOMIC RECOVERY PACKAGE IS IN DRAMATIC CONTRAST TO YEARS
OF BLAND, HALF-HEARTED AND INEFFECTIVE EFFORTS.
THIS SUMMER I RECEIVED A LETTER FROM A YOUNG BLACK MAN
IN LOS ANGELES WHO HAD JUST BECOME THE PROUD FATHER OF A
LITTLE GIRL -- AND I WELL KNOW THAT FEELING. HE SAID THAT
EVEN THOUGH HE GREW UP IN A DEMOCRATIC FAMILY HE WAS WHOLEHEARTEDLY
SUPPORTING OUR RECOVERY PROGRAM FOR THE SAKE OF HIS DAUGHTER'S
FUTURE. SPEAKING OF MINORITIES, HE SAID, "OUR LIVELIHOODS
DEPEND ON THE TOTAL ECONOMIC VIABILITY OF AMERICA." WELL,
WE ARE DETERMINED TO MAKE THE ECONOMY VIABLE FOR ALL AMERICANS,
AND WE ARE DETERMINED THAT HIS LITTLE GIRL'S ECONOMIC OPPORTUNITIES
ARE GOING TO BE ABUNDANT.
AS I'VE SAID BEFORE AND I'LL SAY AGAIN, AMERICA NOW HAS
AN ECONOMIC PLAN FOR HER FUTURE. WE KNOW WHERE WE ARE
GOING -- WE ARE GOING ONWARD AND WE ARE GOING UPWARD, AND WE
ARE LEAVING NO ONE BEHIND.
OUR ECONOMIC PLAN IS TO BEGIN WITH THE 1982 FISCAL YEAR
ON OCTOBER 1ST. I AM AS CONVINCED TODAY AS I WAS WHEN WE
INTRODUCED THE PACKAGE THAT THIS ECONOMIC PLAN IS AS GOOD AS
MONEY IN THE BANK -- AND IF I WERE A BETTER MAN, I WOULD
WAGER THE RENT MONEY ON IT.
PAGE 5
NOW I HAVE LISTENED TO THOSE CHICKEN LITTLES WHO PROCLAIM
THE SKY IS FALLING AND THOSE OTHERS WHO RECKLESSLY PLAY ON
HIGH INTEREST RATES FOR THEIR OWN NARROW POLITICAL PURPOSE.
BUT THIS CONCERN ABOUT A PLAN NOT EVEN IN EFFECT YET IS
NOTHING MORE THAN FALSE LABOR.
YES, THE PERSISTENCE OF HIGH INTEREST RATES HAS MADE
OUR TASK MORE DIFFICULT. AND YES, ADDITIONAL BUDGET CUTS
MUST BE MADE IN THE YEARS AHEAD, BUT WE HAVE KNOWN THAT AND
SPOKEN OF IT FOR MONTHS -- EVER SINCE WE SUBMITTED THE
PROGRAM. LET ME SAY WE DID NOT SWEAT AND BLEED TO GET THE
ECONOMIC PACKAGE PASSED ONLY TO ABANDON IT WHEN THE GOING
GETS A LITTLE TOUGH,
WE WILL NOT PRACTICE DILETTANTE ECONOMICS -- WE ARE
COMMITTED TO OUR ECONOMIC PLAN AND WE ARE COMMITTED TO
ACHIEVING IT BY HOLDING TO A FIRM, STEADY COURSE OVER THE
LONG RUN. I TOLD THE AMERICAN PEOPLE WE WERE GOING TO TURN
THIS ECONOMY AROUND, AND WE ARE GOING TO DO IT.
SOME OF THOSE CHICKEN LITTLES I MENTIONED GOT THAT WAY
BECAUSE OVER THE PAST DECADES THEY'VE HEARD GOVERNMENT TALK
OF ECONOMY AND SAVING BUT AT THE END OF EACH FISCAL YEAR
SPENDING HAD EXCEEDED REVENUES AND WE WENT DEEPER AND DEEPER
INTO DEBT. WELL THIS IS WHAT WE'RE GOING TO CHANGE.
LET ME GIVE YOU THE ECONOMIC FACTS OF LIFE, WHAT WE
INTEND TO DO ABOUT THEM, AND WHERE THEY WILL LEAD US.
WE ARE RAPIDLY APPROACHING A TRILLION DOLLAR DEBT, A
DEBT SO HUGE IT CAN ONLY BE COMPARED TO THE UNIVERSE --
INCOMPREHENSIBLE IN ITS DIMENSIONS, THINK OF IT, THE
GOVERNMENT OWES A THOUSAND BILLION DOLLARS AND MUST PAY
INTEREST EVERY DAY ON THAT GARGANTUAN AMOUNT,
PAGE 6
THE INTEREST COSTS ON THE DEBT WERE $74.8 BILLION LAST YEAR
ALONE -- BETTER THAN A BILLION DOLLARS A WEEK.
THIS ENORMOUS DEBT HAS BEEN BUILT UP YEAR BY YEAR BY
CONGRESSES THAT CONSISTENTLY PROMISED MORE MONEY THAN THEY
HAD TO GIVE. THE FEDERAL BUDGET HAS BEEN SOMETHING LIKE A
RUNAWAY TRUCK COMING DOWN A STEEP MOUNTAIN ROAD. OBVIOUSLY,
WE CAN'T STOP IT ALL AT ONCE WITHOUT DOING A GREAT DEAL OF
DAMAGE. WHAT WE HAVE DONE IS GET READY TO APPLY THE BRAKES
OCTOBER 1ST WHEN THE NEW FISCAL YEAR BEGINS. THERE WILL BE
MORE PRESSURE ADDED IN JANUARY, AND IN FISCAL YEAR '83 WE
WILL SHIFT TO A LOWER GEAR. IN THE FOLLOWING YEARS WE
INTEND TO BRING IT SAFELY UNDER CONTROL.
AS SOME OF YOU KNOW I'VE TRAVELLED THE MASHED POTATO
CIRCUIT FOR YEARS SPEAKING OF THE NEED FOR FISCAL RESPONSIBILITY
AND A BALANCED BUDGET. I AM NOT ABOUT TO STOP THIS LONG
CRUSADE AFTER ONLY 8 MONTHS IN WASHINGTON. THIS ADMINISTRATION
IS COMMITTED TO A BALANCED BUDGET, AND WE WILL FIGHT TO THE
LAST BLOW TO ACHIEVE IT BY 1984.
IN ATTEMPTING TO SLOW THE BUDGET, WE ESTIMATED THAT THE
'82 DEFICIT WOULD BE $42.5 BILLION. BUT SINCE THAT ESTIMATE,
SOME THINGS HAVE CHANGED. INTEREST RATES HAVE RISEN,
INCREASING THE COST OF BORROWING TO FUND THE DEBT AND THE
DEFICIT WE INHERITED. THE CONGRESS DIDN'T GIVE US QUITE
ALL THE REDUCTIONS WE WANTED, SO THAT THE DEFICIT WILL BE
HIGHER THAN $42.5 BILLION -- IF NOTHING IS DONE,
BUT SOMETHING WILL BE DONE. WE WILL NOT SIT ON OUR
HANDS AND WATCH HELPLESSLY AS THE DEFICIT SWELLS AND SWELLS,
PAGE 7
WE WILL MAKE FURTHER REDUCTIONS IN THE '82 BUDGET AND BILLIONS
OF DOLLARS OF ADDITIONAL SPENDING CUTS IN THE 1983 AND 1984
BUDGETS,
THE CUTBACKS IN SPENDING WILL BE SHARED BY ALL DEPARTMENTS
OF GOVERNMENT, INCLUDING THE DEPARTMENT OF DEFENSE. BUT LET
ME ASSURE YOU, THE DEFENSE BUDGET WILL STILL INCREASE SIGNIFICANTLY.
THERE IS NO ALTERNATIVE TO A STRONGER DEFENSE. STUDY
AFTER STUDY AND EXPERT AFTER EXPERT HAVE TESTIFIED TO OUR
NATION'S NEED FOR A MORE MUSCULAR MILITARY. THE SOVIET
UNION, IN THE MOST MASSIVE AND MENACING BUILD-UP IN HISTORY,
IS SPILLING OVER WITH MILITARY HARDWARE. THE SOVIETS HAVE
NOT BUILT A SOCIETY; THEY HAVE BUILT AN ARSENAL. AND WE IN
THE WEST CAN NO LONGER TURN OUR HEAD OR AVERT OUR EYES.
FOR TOO MANY YEARS THE PENTAGON WAS TREATED AS THE
FEDERAL GOVERNMENT'S POOR RELATION WHILE DOMESTIC PROGRAMS
THRIVED AND GREW FAT. WE SIMPLY MUST RECTIFY THE IMBALANCE.
WE WILL NOT CUT DEFENSE SPENDING TO THE POINT THAT IT INTERFERES
WITH OR SLOWS OUR PLAN TO PROVIDE FOR OUR NATIONAL SECURITY.
ALL OF US -- THE ADMINISTRATION, THE CONGRESS, AND THE
AMERICAN PEOPLE -- ARE GOING TO BE BONE TIRED FROM THE
BUDGET BATTLES OVER THE NEXT FEW YEARS. BUT THESE BATTLES,
NO MATTER HOW EXHAUSTING, MUST BE FOUGHT AND MUST BE WON FOR
THE SAKE OF OUR FUTURE. WE CANNOT FALTER IN OUR RESOLVE AND
SEE THE PROGRESS ALREADY MADE TURNED TO DUST.
WE MUST HAVE DETERMINATION AND PATIENCE. AND LET ME
SAY TO OUR FRIENDS IN THE FINANCIAL MARKET: I HOPE THE
PEOPLE ON WALL STREET WILL PAY ATTENTION TO THE FOLKS ON
MAIN STREET,
PAGE 8
IF THEY DO, THEY'LL SEE THAT THERE IS A RISING TIDE OF
CONFIDENCE IN THE FUTURE OF AMERICA. IT TOOK US YEARS OF
FISCAL MISMANAGEMENT TO GET WHERE WE ARE TODAY, AND OUR
ECONOMIC RECOVERY PROGRAM IS NOT DESIGNED TO PROVIDE INSTANT
GRATIFICATION. I'VE ACTUALLY READ STATEMENTS THAT OUR PLAN
ISN'T WORKING. OF COURSE IT ISN'T. IT DOESN'T GO INTO
EFFECT UNTIL NEXT MONTH,
AS I SAID BEFORE, I CAN UNDERSTAND THE PESSIMISM OF
THOSE WHO REMEMBER PAST PROMISES THAT WERE NEVER KEPT. THEY
KNOW THAT UNTIL THE ANNUAL DEFICITS ARE REDUCED AND EVENTUALLY
ELIMINATED, INTEREST RATES WILL REMAIN HIGH, AND SO WILL
INFLATION. IT ISN'T EASY TO REDUCE FEDERAL SPENDING BUT
WE'RE GOING TO DO IT, AND WHEN THE FINANCIAL MARKETS SEE
EVIDENCE OF THIS, THEIR TUNE WILL CHANGE.
I REMEMBER THE FEARS AND CRIES OF DISAPPROVAL BY THOSE
WHO OPPOSED OUR DECISION LAST JANUARY TO DECONTROL OIL
PRICES. INFLATED ENERGY PRICES WOULD BE THE RESULT, THEY
SAID, BUT WHAT HAS BEEN THE RESULT? AMERICANS HAVE CURBED
THEIR DEMAND FOR OIL AND THIS IN TURN HAS HELPED THE NATION'S
BALANCE OF TRADE, WHICH IN TURN HAS STRENGTHENED THE VALUE
OF THE DOLLAR OVERSEAS. AND THESE BENEFITS HAVE OCCURRED
WITH VERY LITTLE EFFECT ON THE CONSUMER.
THE PRICE OF
GAS IN JULY WAS THE SAME AS THE PRICE OF GAS LAST FEBRUARY,
AND IN SOME PLACES IT HAS EVEN GONE DOWN.
MOST IMPORTANT
THERE HAS BEEN A GREAT INCREASE IN EXPLORATION AND DISCOVERY
OF MORE OIL HERE IN OUR OWN LAND,
PAGE 9
THE ECONOMIC RECOVERY PROGRAM WILL PROVE AS SUCCESSFUL
AS THE OIL DECONTROL DECISION. I FIRMLY BELIEVE THAT OUR
TAX INCENTIVES WILL ACT AS A NEW BATTERY FOR THE AMERICAN
ECONOMY, RECHARGING AND ENERGIZING THE NATION WITH ECONOMIC
OPPORTUNITY.
THE ACROSS-THE-BOARD TAX CUTS WILL RESULT IN AN ACROSS-
THE-BOARD IMPROVEMENT IN OUR ECONOMIC HEALTH. WITHOUT THAT
TAX RATE REDUCTION, TAXES WOULD HAVE GONE UP $91.5 BILLION
IN 1982 AND NEARLY $300 BILLION OVER THE NEXT 3 YEARS,
THE FEDERAL GOVERNMENT WAS TURNING THE TAXPAYERS INTO ECONOMIC
SHARECROPPERS, WITH THE IRS TAKING MOST OF THE REWARDS
EARNED BY THE SWEAT OF THE TAXPAYER'S BROW. IT SIMPLY HAD
TO STOP.
WE ALSO PASSED VARIOUS INCENTIVES FOR SAVING AND INVESTMENT,
LIKE REDUCED CAPITAL GAINS TAXES, ALL-SAVERS CERTIFICATES
AND VARIOUS STIMULI FOR BUSINESS.
THESE MEASURES ARE GOING TO SPARK JOBS --AN ESTIMATED 3
MILLION MORE JOBS BY 1986, IN ADDITION TO THE 10 MILLION
ALREADY EXPECTED. AND PRODUCTIVE JOBS NOT ONLY PROVIDE
TAKE-HOME PAY; THEY PROVIDE SELF RESPECT.
I AM ESPECIALLY OPTIMISTIC ABOUT THE INDIVIDUAL RETIREMENT
ACCOUNTS, WHICH WILL NOW BE OPEN TO THOSE ALSO COVERED BY
EMPLOYER PLANS. WITH THESE ACCOUNTS WE ARE REINTRODUCING
THE IDEA OF THE RETIREMENT NEST EGG. IT WILL PROVIDE
PEOPLE WITH THE FEELING OF SECURITY THAT, ACCORDING TO THE
POLLS, SOCIAL SECURITY IS NOT PROVIDING.
PAGE 10
I NOTICED THAT THE THEME FOR THIS CONVENTION IS "WE'RE
CHANGING CHANGING THE FUTURE." THAT IS EXACTLY WHAT OUR
ECONOMIC PROGRAM AIMS TO DO AS WELL -- CHANGE THE FUTURE SO
THAT OUR PEOPLE AND INDUSTRY WILL HAVE THE INCENTIVE TO BE
PRODUCTIVE AGAIN. YOU HAVE ASSISTED US ALREADY WITH THE
INITIAL SPENDING AND TAX EFFORTS, BUT I AM GOING TO ASK FOR
YOUR HELP AGAIN BECAUSE I KNOW WHAT THE MEMBERS OF THIS
FEDERATION CAN DO WHEN YOU PUT YOUR MINDS TO IT.
THE NATIONAL FEDERATION OF REPUBLICAN WOMEN IS KNOWN
FOR RAISING THE BANNER OF THE REPUBLICAN PARTY BY RAISING
CAMPAIGN FUNDS AS WELL AS CANDIDATES. YOU ARE ALSO KNOWN FOR
RAISING YOUR VOICE TO SPEAK OUT ON THE ISSUES VITAL TO
AMERICA.
IN THE WEEKS AND MONTHS AHEAD, THE CONGRESS WILL NEED
TO HEAR YOUR VOICE. THERE ARE GREAT PRESSURES BUILDING TO
STOP OUR ECONOMIC PROGRAM WHILE IT IS STILL TAXIING DOWN THE
RUNWAY. YET ONCE WE CLEAR THE FENCE POSTS AT THE END OF
THE FIELD, THIS ECONOMY IS GOING TO SOAR, WE WILL HAVE
RESTORED A HEALTHY BALANCE BETWEEN GOVERNMENT AND FREE
ENTERPRISE.
I'VE TALKED A LOT THIS AFTERNOON ABOUT THE DRY, DUSTY
FIGURES OF BUDGETS AND ECONOMIC MATTERS. IT'S ESSENTIAL TO
DO SO OF COURSE BUT COULD I JUST TAKE A MOMENT AND SPEAK OF
THE HEART OF AMERICA?
I DON'T KNOW WHETHER I CAN EXPLAIN WHAT I FEEL BUT
LIVING IN THAT GREAT HISTORIC HOUSE IN WASHINGTON, THERE ARE
MOMENTS WHEN YOU FEEL VERY CLOSE TO THAT HEART. YOU CAN
HEAR THE SOUND OF ITS BEAT, AND YOU ARE AWARE OF ITS GREAT
DEPTH AND STEADY STRENGTH.
PAGE 11
A YOUNG SAILOR WRITES OF HIS PRIDE IN WHAT HE'S DOING.
A VERY ELDERLY MAN VOLUNTEERS TO GIVE UP A PORTION OF HIS
LIMITED PENSION IF IT WILL HELP THE COUNTRY,
AND THIS LETTER FROM A SMALL TOWN IN IOWA I RECEIVED
JUST A FEW DAYS AGO:
(REFER TO LETTER)
YES--I WILL BE VERY CAREFUL. I PROMISE.
THANK YOU.