Our true choice is not between tax reduction on the one hand and the avoidance of large federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget, just as it will never produce enough jobs or enough profits.
Budget deficits are not caused by wild-eyed spenders, but by slow economic growth and periodic recessions. And any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the rates now.
The federal government's most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities for private expenditures.
When consumers purchase more goods, plants use more of their capacity, men are hired instead of laid off, investment increases, and profits are high. Corporate tax rates must also be cut to increase incentives and the availability of investment capital.
The great enemy of the truth is not the lie, deliberate, contrived and dishonest but the myth persistent, persuasive and unrealistic.
It shall be the policy of this nation to regard any nuclear missile launched from Cuba as an attack by the Soviet Union on the United States.
I am fully aware of the fact that the Democratic Party, by nominating someone of my faith, has taken on what many regard as a new and hazardous risk.
A tired nation, said David Lloyd George, is a Tory nation, and the United States today cannot afford to be either tired or Tory.
Richard Cromwell was not fit to wear the mantle of his uncle.
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