20 years ago today, President Reagan gave a speech to the nation about the state of the American economy, describing it as “The worse economic mess since the Great Depression” Highlights:
“We may in spite of our best efforts see a national debt in excess of a trillion dollars. Now this is a figure that’s literally beyond our comprehension.”
“Some say shift the tax burden to business and industry. . but business must pass its cost of operations on to the customer for the price of the product. Only people pay taxes, all the taxes.”
