by Ronald Reagan
October 27, 1964
Not too long ago two friends of mine were talking to a Cuban refugee, a businessman who had escaped from Castro, and in the midst of his story one of my friends turned to the other and said, “We don’t know how lucky we are.” And the Cuban stopped and said, “How lucky you are! I had someplace to escape to.”—Ronald Reagan
To a significant degree, Ronald Reagan’s election to the presidency stems from this speech, given on national television on behalf of, and sponsored by, Barry Goldwater’s 1964 presidential campaign. The speech remains amazingly fresh as a statement of modern American conservative philosophy four decades after it was delivered.
Thank you very much. Thank you and good evening. The sponsor has been identified, but unlike most television programs, the performer hasn’t been provided with a script. As a matter of fact, I have been permitted to choose my own ideas regarding the choice that we face in the next few weeks.
I have spent most of my life as a Democrat. I recently have seen fit to follow another course. I believe that the issues confronting us cross party lines. Now, one side in this campaign has been telling us that the issues of this election are the maintenance of peace and prosperity. The line has been used “We’ve never had it so good.”
But I have an uncomfortable feeling that this prosperity isn’t something on which we can base our hopes for the future. No nation in history has ever survived a tax burden that reached a third of its national income. Today, 37 cents of every dollar earned in this country is the tax collector’s share, and yet our government continues to spend $17 million a day more than the government takes in. We haven’t balanced our budget 28 out of the last 34 years. We have raised our debt limit three times in the last twelve months, and now our national debt is one and a half times bigger than all the combined debts of all the nations in the world. We have $15 billion in gold in our treasury–we don’t own an ounce. Foreign dollar claims are $27.3 billion, and we have just had announced that the dollar of 1939 will now purchase 45 cents in its total value.
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Tags: OpEd, Opinion, Politics, Republicans
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