In just a few days, we will be celebrating the 234th anniversary of our republic. To mark the occasion, I thought it would be fun to go back to one of the great acceptance speeches of the past 50 years – Ronald Reagan’s speech at the 1980 Republican convention – and pull out eight important themes for 2010.
… [W]e are going to initiate action to get substantial relief for our taxpaying citizens and action to put people back to work. None of this will be based on any new form of monetary tinkering or fiscal sleight-of-hand. We will simply apply to government the common sense that we all use in our daily lives.
Work and family are at the center of our lives, the foundation of our dignity as a free people. When we deprive people of what they have earned, or take away their jobs, we destroy their dignity and undermine their families. We can’t support families unless there are jobs; and we can’t have jobs unless the people have both money to invest and the faith to invest it.
These are concepts that stem from an economic system that for more than 200 years has helped us master a continent, create a previously undreamed-of prosperity for our people and has fed millions of others around the globe and that system will continue to serve us in the future if our Government will stop ignoring the basic values on which it was built and stop betraying the trust and good will of the American workers who keep it going.
The American people are carrying the heaviest peacetime tax burden in our nation’s history – and it will grow even heavier, under present law, next January. We are taxing ourselves into economic exhaustion and stagnation, crushing our ability and incentive to save, invest and produce.
This must stop. We must halt this fiscal self-destruction and restore sanity to our economic system.