A friend of mine was asked to a costume ball a short time ago. He slapped some egg on his face and went as a liberal economist.

When we speak of peace, we should not mean just the absence of war. True peace rests on the pillars of individual freedom, human rights, national self-determination, and respect for the rule of law.

Let us thank God for life and the blessings He's put before us. High among them are our families, our freedom, and the opportunities of a new year.

I heard one presidential candidate say that what this country needed was a president for the nineties. I was set to run again. I thought he said a president IN his nineties.

Regimes planted by bayonets do not take root.

But in the West today, we see a free world that has achieved a level of prosperity and well-being unprecedented in all human history. In the Communist world, we see failure, technological backwardness, declining standards of health, even want of the most basic kind - too little food. Even today, the Soviet Union still cannot feed itself. After these four decades, then, there stands before the entire world one great and inescapable conclusion: Freedom leads to prosperity. Freedom replaces the ancient hatreds among the nations with comity and peace. Freedom is the victor.

We must have faith in the people of this country and faith in our principles.