Freedom is the very essence of our nation. To be sure, ours is not a perfect nation. But even with our troubles, we remain the beacon of hope for oppressed peoples everywhere. Never give up the fight for freedom - a fight which, though it may never end, is the most ennobling known to man.

A leader, once convinced that a particular course of action is the right one, must....be undaunted when the going gets tough.

I have seen the rise of fascism and communism. Both philosophies glorify the arbitrary power of the state... But both theories fail. Both deny those God-given liberties that are the inalienable right of each person on this planet, indeed, they deny the existence of God.

Yet optimism is in order, because day by day democracy is proving itself to be a not-at-all-fragile flower. From Stettin on the Baltic to Varna on the Black Sea, the regimes planted by totalitarianism have had more than 30 years to establish their legitimacy. But none - not one regime - has yet been able to risk free elections. Regimes planted by bayonets do not take root.

Meaningful work, not welfare, is every American's hope, and we have a continuing responsibility to make those hopes a lasting reality.

Our loyalty lies with little taxpayers, not big spenders. What our critics really believe is that those in Washington know better how to spend your money than you, the people, do. But we're not going to let them do it, period.

A drastic reduction in the deficit...will take place in the fiscal year '82.