If you owe the bank $10,000 you have a problem. If you owe the bank $10,000,000 they have a problem. After all is said and done, more is said than done. Government does not solve problems; it subsidizes them.

In an ironic sense, Karl Marx was right. We are witnessing today a great revolutionary crisis, a crisis where the demands of the economic order are conflicting directly with those of the political order. But the crisis is happening not in the . . . West, but in the home of Marxism-Leninism, the Soviet Union. It is the Soviet Union that runs against the tide of history by denying human freedom and human dignity to its citizens.

You know, by the time you reach my age, you've made plenty of mistakes if you've lived your life properly. So you learn. You put things in perspective. You pull your energies together. You change. You go forward. My fellow Americans, I have a great deal that I want to accomplish with you and for you over the next two years. And, the Lord willing, that's exactly what I intend to do.

When the lives of the unborn are snuffed out, they often feel pain, pain that is long and agonizing.

Mankind's journey into space, like every great voyage of discovery, will become part of our unending journey of liberation. In the limitless reaches of space, we will find liberation from tyranny, from scarcity, from ignorance and from war. We will find the means to protect this Earth and to nurture every human life, and to explore the universe. . . .This is our mission, this is our destiny.

Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.

Before I refuse to take your questions, I have an opening statement.