 I, Donald T. Regan, do solemnly swear that I will support and defend the constitution of the United States against all enemies born in domestic, that I will bear true faith and allegiance to the same. That I take this obligation freely without any mental reservation or purpose of evasion. And that I will well and faithfully discharge the duties of the office on which I am about to enter. So help me God. So help me God. Congratulations, sir. Thank you. Thank you very much. Well, thank you. Just call me Chief. Can I assume that Jim Baker took his 12.45. Thanks. All right. I was hoping you'd get something in about something fair. We'll wreck another one. No way. Thanks, Dan. Come on in, gang. Hey, sir. Good morning. Good morning. Good morning. Good morning. Good morning. Good morning. Good morning. Thank you. This is the third time. We had a found, probably. Does that mean we're found? Yeah. I say I'm good, then again. I said, I don't want you to go. What you said? You said, mom, you're not good. You're out there on the ground. I don't know. I don't know. Gee, friends, you see, I just want you to know how able I am to find a friend who's going to sit down to me. That's not it. Mr. President, some of these congressional leaders have already signed this budget as debt unless he cuts the fence more. I just wrote it back to line, sir. Aren't you going to have to cut the fence more, though, sir? We won't talk about that when we finish that time that we do. I'm going to have to get the bed set, before you go to bed. I'm sorry. Are you going to read every word? Are you going to get a micro? They're both the same one. Yes. Yes. There are also some complaints that you were only getting the budget down to $144 million for a third year. You can't cut the deficit more. How are they going to? In my view, I've projected this before. So far, since I've been here, none of the projections have been right. And they have been wrong in the opposite way, in the wrong way. Are you expecting the deficit to be larger? I just don't believe that any sound beyond the source to make the projections are there for those periods of time. And once the time comes that I drop these, what do you think will be the outcome? I think the outcome is we're going to establish that we have the budget to spend the government spending on a downward path that is going to lead to where we set a date for actual balancing of the budget. Do you think you can get this budget through them, sir? Do you think you can get this budget through them? There's some variation there. There's some variation there. I just depend on how close we are. There you go. We're all together right now. Right now, I'll settle for a talk. Are you cold, sir? I'm cold. Sound a little hoarse. We're going to keep calling it a cold. But it's getting very much better. Thank you, sir. Right this way. Right here. Quickly. He's supervising. Quickly. Anyone see Jen? She put these clips on. The coverage that we got in Jen on the whole black situation. Jen mentioned that. I haven't seen him yet. Yes, sir. Let me see your schedule. Well, you know what we're doing is exactly right. That is promoting pluralism for black people. Instead of the idea that there's some monolithic power structure that has to be, everybody has to obey, including the other leaders. Okay, don't let me forget one question. How are we doing with immigration in the shop? I'm worried about that. The problem has been talking to the shop again. She's a very elusive character and she's got some people around her that are less than alive. But we have been in conversation with her state departments all ready to go. Customs and everybody's ready to move if we can just pin her down. What does she need to do? Excuse me? What does she need to do? Well, she has to sign some papers. Well... But it isn't for lack of evidence on her. It's good. You know what I'm saying? I think he wants to stand up for me. Craig and I have been talking to this group of executives, Mr. President. Maybe our meeting there is to have them tell you what they think of our past and proposed programs and anything else that's on their mind. Ask anyone here to just lead off with whatever is on them on this discussion about the trade deficit before you. I think first it would be appropriate to get the feeling of the group on how they feel our past and proposed policies have affected their own businesses. A few words here and a little ceremony to go through with. I'm pleased to sign this economic report and I want to commend Mr. Cannon and his staff here for the fine job that they have done. I think we can take pride in the very significant progress that is hard work and sticking to our principles that transformed the sick economy to one of healthy growth with much lower inflation and interest rates. Now is the time for recommitment. We need the full support of the Congress to end nearly 50 years of deliberate deficit spending by the federal government. One sure path to a balanced budget is to keep the rate of growth spending below the growth of the economy. So we've submitted a budget that will freeze overall government program spending while ensuring that the funds crucial to our defense rebuilding program are there. If the Congress can cooperate and helps us reform our tax system and continue reducing unneeded regulation we can end the burden of overspending and borrowing and leave our children a much stronger future. And now I'm going to sign the economic report of the House of Representatives for Dr. Niskanen. Mr. President, the American economy is once again the envy of the world and you deserve a lot of the credit and only as a minor compensation for that we'd like to award you honorary membership in the Council of Economic Advisers and give you something to chop wood in back at the ranch. Well, thank you very much. All right. Thank you very much. I appreciate that. What? Again? Where do you plan to wear it, sir? I just told you where I have to wear it. The ranch, shop and wood. Mr. President, you're a realist and you're listening to what Capitol Hill is saying. How far are you going to deal with the defense budget because you must know that you're going to have to? Why is it that everybody, including so many of you continue to say that no cuts in the defense budget when they've been cut in the neighborhood of around 30 billion dollars in what was the projected budget for the Defense Department? I just think that the mistake we made was in making the cuts in advance we should have set it up the way it was and let the Congress make the cuts. Then they'd have been happy. Well, then has Congress not your bottom line on military spending? Well, we're going to have to I'm quite sure that we'll be discussing this going at this, but I think it is unfair to say that there's been no cut. As a matter of fact, the defense budget in 1986, as it's submitted now is just about where the projected budget of President Carter was when he left office and made his five-year projections as to what should be spent on national defense. Mr. President, are you going to take this case to the country soon? Yes, I think the people have a right to express themselves on this and then you can add the facts. So I'm going to try to give them the facts. How are you going to do that? Do you have to go out there for speeches and make some comparisons? I don't have specific plans yet. Thank you very much. Thank you very much. Thank you. Thank you. Mr. Reagan, do you have any reactions to the vote on the committees today? Yes, a happy one. I'm pleased with that. So far, I think there are three or four other nominees that were approved also today by the committees. Any special plans for your birthday tomorrow? Birthday? You mean the 35th anniversary of my 39th birthday? No, I've gotten used to that. I just treat it as any other day. It makes me feel better to do it that way. I'm so excited. All right. Take a sock into the woodshed again. Mr. President, happy birthday. Hi. Happy birthday, Mr. President. Hello there. Mr. President, are you on this table? Yes. I'm on this day. Happy birthday, Mr. President. Well, thank you very much. Thank you. Mr. President, we had discussed the idea of singing to you, but we all got very timid. So we decided... Yes. We want you to know, in your honor, for our dessert today, we're having a birthday cake for Mr. President that isn't true. Happy birthday to you. Happy birthday to you. Happy birthday, Mr. President. Happy birthday to you. How old are you? 39 of them. 35 times now. Please sit down. You have to keep the happy birthday from the person. I want to tell you something. It's also my birthday. I was just going to tell you it's also my birthday. I was just going to tell them. So I thought this whole thing would have been arranged for me. But thank you then, though. I thought I was going to announce that in the very fact, but I thought it was very impressive that we had two such disparate generations representing this great birthday. One a crazy kid and me. Well, good that you could all be in here and enjoy the cake. You haven't had lunch yet, have you? No, I see everything's clean. Well, just enjoyed having you here and I know that Don and some others will soften you up when you're here, Jack. So I'll turn you over to them. You didn't answer Sam's question about Mr. Stockman. I know. We were just wondering, sir, what you thought of the candid appearance you made yesterday. I don't think you people keep saying that all the time. Oh, you think? No, it's my birthday. I don't have to answer questions. Did Mr. Buchanan tell you that? Did Mr. Buchanan tell you that? That you didn't have to answer questions in your birthday? No, nobody had to tell me that. I just decided that. It was one of my decisions, all on my own. I wasn't letting Reagan be Reagan. Thank you. You're going to hear this for the third time. Can you start this? Happy birthday to you. Happy birthday to you. Happy birthday, Mr. President. Happy birthday to you. That's why you didn't get your chocolate cake. Take all over. I was too athletic. That's deceiving. That is chocolate. It's white chocolate. That's beautiful. Well, thank you all very much. I only had to make the first slice tonight. That's right. Through my middle there. Whoops. Gentlemen, carve it up. We certainly are. This is from that little blonde kid that lives with me. That little sakes. I'm glad you didn't order dessert. I ate all of the cake you've had so far. What are you doing up there? Very good. How are you? Good to see you. We're facing a Central American today, founded functionally, and he can come out in here, this being the 75th anniversary of Boy Scouting. You know, we think Ronald Allen is older than me. No, I indeed appreciate that. I admire his speakers, terrific, dynamic speech. Well, listen, speaking of admiration, I admire what you have done. I think this is just, I've been telling everyone about that catalog. Oh, I brought one. Well, you sent me one also. In one year, we raised almost $5 million for the catalog. I think that's just great. People plan to do the change that you've worked. Well, I think Columbus ought to be a part of the solution. You've provided the leadership, the momentum, the direction, and thank God you have. Now it's time that we get on with the program. And we're not going to be a part of the project. We want to be a part of the solution. You know a lot of your colleagues, and don't exactly fail us. Mr. President, your staff has been tremendous. Thank you very much.