CSPAN3 The Presidency President Reagans First Press Conference July 12, 2024
Questions. Theerday, secretary of treasury, donald reagan, sent to the treasury a request to raise the debt ceiling. This represents a dramatic jump of 50 billion over the previous debt ceiling. The administration took this action with great regret because it is clear the massive deficits our government runs is one of the root causes of our profound economic problems. Too many years, this process has come too easily for us. We have lived beyond our means and then financed our extravagance on the...
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