 Good, I'm going to send extra tolls. Oh, by the way, Bill, you need to score. I know, I know. I'll do what I'll do. No dirty sound in the camera. Security. Security. I thought you were a good man. Well, gentlemen, I'm delighted to have all of you down here this morning. Nancy and I, we can't date it over the weekend, ran a whole trip abroad and decided that unfortunately in emergency situations we had to straighten out the record. So we'll do a little reporting here. I'll just be brief and then call on a couple of others. And despite the media coverage, it was a very successful trip. We had many highs. We had some anguishing moments as you came to visit. Above all, strength in the U.S. and the U.S. The German leadership characterized our visit as opening a new stage in our relationship. And I don't believe the partnership has ever been stronger. At the economic summit, we agreed to a common strategy that was aimed at ensuring continued economic growth and job creation. And much of that was based on the pattern of what we have been doing here. The volunteering in their fund. They've got to do more to encourage entrepreneurship, talk of following our path and reducing taxes and so forth. And instead of them, we've been so terribly concerned about our budget deficits. As we've been ready to believe, we're concerned about our right to self-public. And if I'm not correct me if I'm wrong in this, I believe that the... Jim, I believe that percentage of gross national product as a percentage of gross national product powers is lower than the average of European countries. Yes, but the average is 3.9% and the average is 3.4%. So they've got a job to do, too, when they recognize it. They're the main issue from which the difference had to do with the entire EU border. I mean, they're around the trade terms. At Williamsburg, two years ago, we had an event. No date was sent, but everybody was supposed to be exploring and so forth the freedoms, the need for this. Now, two years have gone by with us saying, yes, everyone in Greenville, almost everyone of you had such a meaning. And this time, everyone was unanimous against protectionism and was great concerned about the threat of protectionism from our own country here. Now, as I said, this was unanimous. When it came to setting the date, there was one holdout with the President of France. And I don't know if it was just coincidence or not, but all we asked for, and they say we were defeated and did not get a specific date. We never asked for a specific date. All we ever said was in 1986 and preferably in early 1986, we should have such a round of talks. France objected because in 1986 they also had an election and there was some concern about this. But the result was, the other six of the seven all of us were agreed. So was the President of the European community. He said we should do this. So what we're going to do, as a matter of fact, here in 1985 is agreed what we're going to have at the ministerial level. Some preparatory talks and getting together agenda and so forth. And even if France is not a part of it, it wouldn't be a shield that we and a lot of our trading partners are going to have such a meaning. Our partners in yours are ever since Geneva. All of them supported our SDR research program. One country indicated they didn't wish to participate in research and that again was France. But the others are all very interested in their stages of research that they can do and so forth. Subcontracts and so forth, they get very... I told how successful Nancy's meeting at the first meeting and her meeting with the Senate dean and one of the first ladies of other countries had been. Mr. President, I've been waiting for this for a long time. This is the first good news report on the budget I think we've had for two or three years. What I have is this piece of paper if everybody would look at it and look through it quickly and maybe three o'clock and see what's going on. I'm going to come to a great surprise for you, but I'm going to ask Dave Stein to talk about the budget. Mr. President, I've been waiting for this for a long time. I'm going to go through it quickly and maybe three o'clock in the morning Friday. I think you have to start by saying that this is the decisive breakthrough on the budget that we've been looking for for the last couple of years. The fact is we've been in a stale matrix of Congress here 300 or three years that didn't have any big tax increase in them. And we labored mightily against that forecast on the Hill and I think we've proven them wrong concisively. All of the momentum is going to set the example and lay down the marker and I think we've created an expectation in which the Americans disappointed in this package. And so I would like to remind everybody with the the four goals that we started with that I've got up on the top of the paper here how we did in terms of achieving those goals and why we did it better. I'm wondering if this sounds complicated package. There's no tax increases no tax emissions no tax production plan. This had to be spending production and it's obvious that that goal was full. Secondly, we set a minimum of $50 billion in 1986 which would hold the budget plans to be passed. Third thing we said was this can't just be a one-year hold down of the budget. Our problem is that we've got structural overspending building the budget. Did you see him? Did you see him? Come in. Small one. Who's got three here? First you have a quarter of a small working group five out of the seven members are here today and I'm chairman and vice chairman Bill Clark is a treasurer Martin Adamus and his secretary and the other trustees Bill Smith Beaver John Herring John McCall What were these chosen? I believe March and a letter to the Incorporators signed by Ronald W. Reagan President of the United States but they were discussed with the President Yes I'm not sure we discussed officers but we certainly discussed officers Welcome home Thank you They didn't reach as bad as they did the pope did they? No He didn't have as much security How are you? How are you? Is this a hot seat? I want you all to know what we've just done for you Those of you who sit in that chair I didn't know that eagle used to be there where that thing is now just a half an hour or so ago Jim and I traded because it seems that the photographers have been suffering in silence and finally they dug out a couple of examples of why you don't maybe but with that eagle behind that chair these gentlemen were getting like once I was wearing the eagle like a head and then we had we had the head of state from one of the African countries here and there was enough of the eagle showing that it looked like he had feathers in his head from both sides Well they suffered in silence too long they suffered in silence too long Can I tell before we get to talk business can I tell Dickinson about one that President was here and Andriati of Italy was here and the ambassador was here George Shilson was there and I was there we looked over and Andriati's fly was wide open so I looked at Shilson and he signals to the Italian ambassador the president was talking to the Italian ambassador trying to get his attention and the press for all of them were about to come in or I forget what the situation was so Shilts got up walked across like this and Andriati looking at this and he's like I don't know what a beautiful picture standing totally you didn't expect that's how it blows from the secretary finally the guy in Italian is in your walk I understand my wife and your wife and kept having lunch today that's right now I was president of the club and she introduced your wife and used to she was in here in a meeting a little earlier with regard to the presidential library and to excuse herself I can't tell you how pleased I'll be when it's over I'm nervous I do appreciate your opportunity because I've got a problem that we need to discuss we've discussed a couple problems before and we resolved