CSPAN3 The Presidency President Reagans First Press Conference July 12, 2024
I have a brief Opening Statement here before i take your questions. Yesterday, secretary of the treasury, donald regan, sent to the congress a request to raise the debt ceiling to 985 billion. 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 that the massive deficits our government runs is one of the root causes of our profound economic problems. And it, for too many years, this process has come too easily for us. We have lived beyond our means and then financed our extravagance on the backs ...