US Presidency
1984

Already, we have a recovery that has been going on for about 21 months to the point that we can now call it an expansion. Under that, this year, we have seen a $ 21 billion reduction in the deficit from last year, based mainly on the increased revenues the Government is getting without raising tax rates. Our tax cut, we think, was very instrumental in bringing about this economic recovery. We have reduced inflation to about a third of what it was. The interest rates have come down about 9 or 10 points and, we think, must come down further. In the last 21 months, more than 6 million people have gotten jobs, there have been created new jobs for those people to where there are now 105 million civilians working, where there were only 99 million before; 107, if you count the military.