Ronald Reagan Quotes


When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.


Citations

Reagan, Ronald. "Address to the Nation on the Economy." Public Papers of the Presidents of the United States: Ronald Reagan, 1981, U.S. Government Printing Office, 1982, p. 79.

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Ronald Reagan
Ronald Reagan
  • Born: February 6, 1911
  • Died: June 5, 2004
  • Nationality: American
  • Profession: Former President of the U.S., Former Governor of California, Politician, Actor

Ronald Wilson Reagan was an American politician who served as the 40th president of the United States from 1981 to 1989 and became a highly influential voice of modern conservatism. Prior to his presidency, he was a Hollywood actor and union leader before serving as the 33rd governor of California from 1967 to 1975.