The 1986 State of the Union Address delivered February 4, 1986, was delayed following the Space Shuttle Challenger disaster which killed its seven crew members. Reagan reports the U.S. is the economic miracle to which the world once again turns, with record economic growth and inflation cut from over 12 to under 4 percent.
But the federal budget system is broken. âWe do not face large deficits because American families are undertaxed; we face those deficits because the Federal Government overspends.â âWe must proceed with Grace commission reforms against waste.â Tax cuts have done more to âhelp America's economy break free than any program since John Kennedy's tax cut almost a quarter century ago.â
We âmust redouble our efforts for freer and fairer trade.â We oppose legislation touted as providing protection that raises prices for us all.
We see a renaissance in education and support âvouchers that give parents freedom of choiceâ. Hundreds of billions of dollars in poverty programs have led to a breakdown of the family and deteriorating schools. As Franklin Roosevelt said, âWelfare is a narcotic, a subtle destroyer of the human spirit.â Welfare âshould be judged by how many of its recipients become independent of welfare.â
Reagan sees technology as the solution to âthe greatest problem of the 20th century. A security shield can one day render nuclear weapons obsolete and free mankind from the prison of nuclear terror.â
âThe American dream is a song of hope... to discover a new universe inside a tiny silicon chip or a single human cell.â âSo, let us go forward to create our world of tomorrow in faith, in unity, and in love. God bless you, and God bless America.â
Audio recording courtesy of the Ronald Reagan Presidential Library.
AspenLeafMedia.com