 I'm just speaking and we need your folks. Are you? Yeah, I know. He's great. I like it. Hi. Look at that sun tank. Hi. Good. I'm going to meditate with you. I'm actually going to do some coffee. Yeah. I'm going to see the old boy. He's still very active. Oh, yeah. He's got over 100 tomato plants. All right. Now we're going to go for a tour. Oh, yeah. Oh, yeah. Yeah, that's right. Yeah. Yeah, OK. Well, look here. Look over here. He's just beginning his meeting. The first thing in the morning means that I'll be behind in this schedule the whole day. So we might as well get started. And I thought I'd start by telling you that at 10 o'clock this morning, the Commerce Department will release the flash estimate of gross national product for the second quarter. We're going to figure out the first quarter in real gross national product. We'll go to the flash figure of the annual rate of 6.6% from the second quarter to the rate of 2.6% in the first quarter. This is in line with what private forecasters have recently been expecting, and we ourselves have been looking forward to. Now, the count of the business of the day is following that. So all of the equal signs are pointing to a strong equity. And we also have the second quarter. Flater numbers and middle demonstrations are in control of inflation. But these are just two of the most recent examples. I think the economic game plan is working. As Paul Walker said on Saturday, we now have a rare opportunity to achieve sustained growth from foundation stability. I already mentioned that. He means to stay the course. What's needed to reinforce the recovery is more determination on the part of all of us to curtail budget deficits by spending control and not by raising taxes. The Democrats' proposal that had kept the third year of attack cut was not only politically misguided. It's substantive and wrong. And a permanent tax increase would get not only the wealthy, but significantly millions of middle income tax payers, two-year married couples, and 2.4 million small businesses including 350,000 family farms. Matter of fact, I know you've seen all of some of the figures, but I used one in Mississippi yesterday. It's magic $50,000. It's $50,000 breaking point that they like to point that $50,000 a year you're automatically up there. Well, if that was true in 1973, then in 1983, that dividing point would have to be $113,843. That's what inflation has done. The magic 50,000 figure, a dozen figure, oh, it is right back down there with the middle income earners. And 48% of the savings or the increase, I should say, under the cap would fall on people below $50,000. The husband and wife and the average family, $32,000 a year, would move from a 33% bracket to 37% under TIPS cap. Now, as far as the budget resolution and the conference report goes, I have to say I don't think it goes far. I simply don't control it. It doesn't control spending. It raises taxes. The recovery gains force and the short changes are eventually given. And I just, as far as I'm concerned, it's totally unacceptable to me. Finally, the conference on supplementalness significantly scaled back one and a half billion dollars in domestic add-ons containing the seventh version. I think that drastic surgery is a nasty sight. It is necessary to get signed. And now, before you all scream and rage, I want to ask John Friedman to say two words about TIPS cap. And they have stopped them on the budget resolution before turning to Bob and Howard. The courage during the time to make moral business volunteer is to go first. How much smaller would the deficit be if we had more of that attitude of asking not for us, but what we can do. We can never have accomplished what we have without his and your support. It is the gateway to opportunity for those who want a piece of the American dream. One of the most exciting trips in our country is the surge in numbers and size of businesses. At the recommendation of the Small Business Administration, we have reactivated the Interagency Committee on Women's Business Enterprise and we will appoint up to 15 members with particular knowledge and expertise of women's participation in business. They will throw in his wealth and property. George Gilder wrote something about entrepreneurs that I longed to believe. He said that most contribute far more to society than they ever recover. And most of them win no riches at all. They are the heroes of people that have in turn a product they anticipate and deliver what consumers want. They must risk their money with investments. The truth is, the forum entrepreneurs can take was praised, but the rich who hoard their wealth are constantly reviewed to the description. I believe we are meant to use wisely what is ours, making growth, then help others to treasure the mind and spirit. Oil is worthless until entrepreneurs with ideas and the freedom of faith to take risks manage to locate it, extract it, and put it to work for humanity. Someday, oil itself will be replaced with Washington Carter. As God will explain the mysteries of his universe. According to that quote, God said, little man, you're not big enough to know the secrets of my universe. I'll show you the secret. It became a stream of food and products that helped revolutionize Southern India. And all that was the investment to give some knowledge of the God of giving in the spirit of giving to his fellow man. The principles of impoverished therapy communism works only in heaven where they don't need it and hell where they've already got it. Providing you incentive to save, invest, and take risks so more wealth will be created at every level of our society. All sabers are highly in return with deregulated financial institutions. We've introduced strong new incentives for individual retirement accounts. Extended IRAs to participants and employer-sponsored editors will be coming up in 1985 when 15% of interest income up to $450 for single taxpayers and $900 for married couples can be a stressful real goal for our future. It is in dollars in research funds to high-tech firms that the Paperwork Reduction Act and the Regulatory Flexibility Act will help you with firms that you may see none in yet so they can spend more. $3 in one fell swoop. Funny how they all forgot about that. Well, I haven't forgotten about it. But it takes a greater leap of faith to trust the motivation and wisdom of the self-proclaimed champions of fairness who are now attacking the middle class and make no mistake, capping the third year would raise taxes on millions of two-cornered couples earning less than $50,000. And may games mean we consider it self-rich. Let's remember that. Just to keep up with this question, that couple had to double its income in the last 10 years. The couple which earns 35% in the last 10 years.