The Economy – 8th Press Conference (Intro) –#RonaldReagan 1982 * #PITD February 18, 1982 In my State of the Union address, I said the time had come to control the uncontrollable in runaway government spending. And I also indicated that I would be announcing further measures to achieve this goal. Today I'm making such an announcement. And the need for the step I'm taking is clear. Our Government is spending money at a rate that is intolerable, if not incomprehensible. Almost $2 billion a day, $1,400,000 a minute, and about $23,000 a second. And if I could estimate correctly how long it took me to get in here, I'd tell you how much was spent during that time -- but then you'd find me wrong. The interest on our national debt alone is greater than the entire budget of many countries and simply not right for us to squander money that our grandchildren will be held accountable for. We must reverse the process. As an important step in this direction, I am announcing the establishment of the Private Sector Survey on Cost Control in the Federal Government. This Presidential initiative will be conducted by outstanding experts from the private sector. They will report directly to me, and I've made it clear that in examining government efficiency, I expect them to roll up their sleeves and search out waste and inefficiency wherever it's to be found in the Federal establishment. ** Members of the Survey will be responsible for an in-depth review of the entire executive branch of government. Working with the Inspectors General and the Council on Integrity and Efficiency, which have provided an inside look at how we can improve management of the executive branch, the Private Sector Survey will give us an objective, outsiders view on improving management and reducing Federal costs. Special emphasis will be placed on eliminating overlap, redtape, and duplication; identifying nonessential administrative activities; and increasing management effectiveness. ** Our evaluation will begin with the Departments of Defense, Health and Human Services, and Housing and Urban Development. In turn, other departments and major agencies will be given a detailed evaluation. This will be the largest effort of its kind ever mounted to save tax dollars and improve the working of government. The American people deserve no less. It's their money the Government's spending in such oversized amounts -- too often, unwisely and wastefully. I will ask the Congress to cooperate in putting the recommendations of the Survey into practice. Government's grown too fast, and the economic stakes for the American people are too high for politics as usual on this vital issue. We all face an economic problem that has been building over many years, and we must all work together to correct it. ** Full Transcript: https://www.reaganlibrary.gov/archives/speech/presidents-news-conference-8 ** I am a proud American, blessed father, a staunch 2A activist and a Marine Corps Veteran that just happens to be 100% blind. This is a look at the Second Amendment, firearms, self Defense, Constitutionally protected rights, Liberty and Freedom from the perspective of a Visually Impaired, Blind American. #PatriotInTheDark PatriotInTheDark@gmail.com Disclaimer: No purchase necessary, must abide by all state and federal laws. Void where prohibited. No Puppies or sighted people were hurt during the filming of these videos. Reagan Presidential Library: www.reaganlibrary.gov President Reagan's Foundation: http://www.reaganfoundation.org President Reagan’s 8th Press Conference on February 18, 1982 ... https://www.youtube.com/watch?v=yKddoLVx05U