Deficits, as I've often said, aren't caused by too little taxing, they're caused by too much spending. Presidents can't appropriate a dollar of tax payers money, only Congressmen can; and Congress is susceptible to all sorts of influences that have nothing to do with good government.

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

With all this talk about the supposed strain in relations [with the Soviet Union], there is an inference that somehow it is our fault. But we didn't kill Russian civilians by shooting down a civilian airplane. We didn't attempt to conquer an adjacent country to ours. We didn't walk out on negotiations and refuse to give a date for when we would resume.

There are no great limits to growth because there are no limits of human intelligence, imagination, and wonder.

The founders of the United Nations sought to replace a world at war with a world of civilized order. They hoped that a world of relentless conflict would give way to a new era, one where freedom from violence prevailed.... But the awful truth is that the use of violence for political gain has become more, not less, widespread in the last decade.

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

There is a flickering spark in us all which, if struck at just the right age...can light the rest of our lives, elevating our ideals, deepening our tolerance, and sharpening our appetite for knowledge about the rest of the world. Educational and cultural exchanges...provide a perfect opportunity for this precious spark to grow, making us more sensitive and wiser international citizens through our careers.