It’s a radical political speech loaded with ideology and foisted upon schoolchildren by the president, who is so smooth, the kids surely have no idea they are being indoctrinated. It all happened in 1988, the president was Ronald Reagan and it was captured on C-Span.
Excerpts and video after the jump.
The “great communicator” on laissez-faire hyper-capitalism, nationalist Christianity, the line item veto and trickle-down economics.
We also find that more countries than ever before are following America’s revolutionary economic message of free enterprise, low taxes, and open world trade. These days, whenever I see foreign leaders, they tell me about their plans for reducing taxes and other economic reforms that they’re using, copying what we have done here in our country.
And, again, I would say that the most important thing you can do is to ground yourself in the ideas and values of the American Revolution. And that is a vision that goes beyond economics and politics. It’s also a moral vision, grounded in the reverence and faith of those who believed that with God’s help they could create a free and democratic nation. They designed a system of limited government that, in John Adams’ words, was suited only to a religious people such as ours.
Q. My name is Cameron Fitzhugh, and I’m from St. Agnes School in Alexandria, Virginia. I was wondering if you think that it’s possible to decrease the national debt without raising the taxes of the public?
The President: I do. That’s a big argument that’s going on in government. And I definitely believe it is because one of the principal reasons that we were able to get the economy back on track and create those new jobs and all was we cut the taxes. We reduced them because, you see, the taxes can be such a penalty on people that there’s no incentive for them to prosper and earn more and so forth because they have to give so much to the Government. And what we have found is that at the lower rates the Government gets more revenue. There are more people paying taxes because there are more people with jobs. And there are more people willing to earn more money because they get to keep a bigger share of it. So, today, we’re getting more revenue at the lower rates than we were at the higher. And you know something, I studied economics in college when I was young, and I learned there about a man named ibn-Khaldun, who lived 1,200 years ago in Egypt. And 1,200 years ago, he said, “In the beginning of the empire, the rates were low. The tax rates were low, but the revenue was great.” He said, “In the end of the empire, when the empire was collapsing, the rates were great, and the revenue was low.”