It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.

We celebrate the past to awaken the future.

Privilege is here, and with privilege goes responsibility.

Blight has descended on our regulatory agencies - and a dry rot, beginning in Washington, is seeping into every corner of America - in the payola mentality, the expense account way of life, the confusion between what is legal and what is right.

Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.

This nation was founded by men of many nations and backgrounds. It was founded on the principle that all men are created equal, and that the rights of every man are diminished when the rights of one man are threatened ... It ought to to be possible, in short, for every American to enjoy the privileges of being American without regard to his race or his color.

I look forward to an America which will not be afraid of grace and beauty...an America which will reward achievement in the arts as we reward achievement in business or statecraft.