 His friends and a keynote an event like this. It's your leadership. That's the president of the United States Thank you Thank you. Thank you Thank you all. Thank you. Thank you, Bob and Ladies and gentlemen here in the day is with me and all of you. Thank you very much You know in the business that I used to be in I Don't think I can top what's already happened here. I Should maybe take a bow and leave But it's great to be back here in the great city of Milwaukee. I Noticed on the way that there were some protesters outside Bob, I always think of protesters as a good luck sign we had them all through the last falls campaign and As I remember that election turned out fair to middling So that means then that 1986 is going to be a victory year for Bob Caston, too I just know that a state whose motto is forward and Whose official song is on Wisconsin is Going to want a fighter a man with bold vision for the future and the imagination willpower and just plain guts To take us there and that man is Bob Caston He's just one of the best Senators your state has ever had Incidentally, I want you to know that I have a feel a little pang too when I said on Wisconsin I played football South and a little west of here Dixon, Illinois and our high school and like so many high schools our song was Onward Dixon and it sounded an awful light like on Wisconsin In both lyrics and music Well in the battle to control federal spending and make our tax system fairer as Bob was telling you Bob is leading the charge. He's effective because he works hard Knows the issues inside and out and really cares about the people of Wisconsin And when it comes to delivering for Wisconsin and America you can count on Bob Caston He'll always come through for you Wisconsin needs Bob Caston, but you know that already I'm here to tell you America needs him to Bob has been a leader in America's economic renaissance Keeping our nation on an upward path of economic growth and prosperity You know, I've heard that there is a new version of trivial pursuit that game. It's called the economists edition There are in this one. There are 100 Questions 3000 answers But Bob has learned one lesson well from history the one great non answer in economics is tax increases Tax rates in this country long ago passed the point Where they became counterproductive? Studying economic growth and actually bringing in less revenue Then the tax rate cuts that spur growth and draw investment out of wasteful loopholes and back into productive economy Look at the effect of our first across the board 25% tax cut Now I've heard some voices of the cynics in Washington suggesting that that contributed to the deficits Not on your life first of all that was the principal cause of the economic recovery that we've been having But second of all would it interest you to know that the revenues for government have increased as the rates were reduced Everything you know, it was a three-year installment plan our program economic program and finally it was all in place And so 1984 was really the first year when all the elements were there so you could see what had been happening and The tax revenues were increasing at a rapid pace in the first 11 months of fiscal 85 this year Federal revenues grew a remarkable 10% and that's quite unusual Let me suggest that over the long haul the federal government simply can't raise revenue any faster Then by cutting tax rates and then cutting tax rates again It stimulates everybody to do better and more people go to work You know as the great Yogi Barrow once said you can observe a lot just by watching He's full of those Well, Bob castin knows these issues inside out and that's why he's in the forefront of the fight for our tax overhaul He's going to make sure that we get a tax system. That's pro family pro fairness and pro growth and Incidentally in the house just a short time ago the Democratic dominated committee having to do with youth and family and all Said that in their study of all the tax proposals before the Congress This one is the most pro family And that's and that's one good reason. I'm confident that come November 86 the people of Wisconsin are going to say Six more years for Bob castin in the United States Senate Bob knows that the economy is more than numbers the economy is people their hopes and dreams their hard work and Their faith He knows that high taxes are more than just an economic mistake. They're a human mistake They destroy our dreams. They dash our hopes. They make our hard work futile and they undermine our faith And he knows that America's economic renaissance didn't come about through government programs It is the spirit of America unleashed a spirit that knows no bounds that can scale any heights If I had to give just one brief phrase as to what was at the bottom of and the best description of what our economic program Was beginning in 1981 is we just tried to get government out of your way I mentioned a moment ago about what a tax cuts. I thought had done with regard to the recovery Well, we have had one of the strongest economic expansions in our nation's history We have helped put nearly eight and a half million more people to work new jobs in this country in the last 34 months alone and After trailing behind So much in the years just immediately following World War two when our Marshall plan had Set up the economies of so many other countries now a Japanese study Shows that United States plant and equipment is today newer Than Japan's and that's for the first time since World War two And that came about because more businesses and industries and more people had more money to invest And that's what does it just a few years ago? there was only 39 million dollars available in venture capital in the United States and Last year there was four billion dollars of venture capital available for investment in business and industry in the United States America is the world's leader in job creation growth and technological innovation And I can tell you it was a big thrill for me just recently well last year's Economic summit with the other six countries that are in that summit with us And when I got there and instead of them jumping on me for this or that or the value of the dollar They said what explains the American miracle? And so I had the pleasure of sitting there and telling them how they too could have a miracle Cut spending and their governments and do away with some of the rigidities in that were harassing their economic programs and their Private industry and they all listened now. We'll see if they'll do it Let's continue to build the American dream by passing a fair pro-growth American tax plan this year in 1985 and just as a free society needs laws so to a free economy needs the assurance of a stable dollar a Dollar that will be worth as much tomorrow as it is today So that savings can't be stolen away by inflation and Americans can invest in the future with confidence The this stealing away of the people's money and government contributed to that also In 1977 the average income in the United States was a weekly wage was a hundred and eighty nine dollars This year the that average is two hundred and ninety nine dollars But wait a minute. Let me tell you what's been done to all of you This was throughout those years that great spiral of inflation Well That two hundred and ninety nine dollars in seventy seven dollars has only a hundred and seventy one dollars as compared to the hundred and eighty nine in nineteen in 1977 and yet by going up to two hundred and ninety nine How many tax brackets did you go up through that's why we've indexed the tax brackets for the future So government can never again make a profit on your cost of living pay raises Now we've got another thing in Washington that's cooking right now Let's put the force of law behind the deficit reduction with the Graham Rudman Hollings bill Last week the Republican Senate with the support of a majority of Democrat senators adopted the Graham Rudman Hollings deficit reduction plan This far-sighted legislation puts in place a fair enforceable method of reducing the budget deficit by equal amounts each year Mandating a balanced budget by the end of 1980 or 1990 I'm sorry 1980s kind of Freudian with me Something happened then too Well Friday the House of Representatives took a step in the right direction But we still have a large hurdle to get over. I know that there are some critics now that saying this is some kind of a gimmick Well ever since 1981 we have been trying to whittle at the deficits by attacking government spending and Then those who wanted to defend particular pet spending programs Senator Russell Long once said you know that the game in Washington is Don't cut you and don't cut me cut that fellow behind the tree well Then every year we've had the same battle trying to quiddle down spending to reduce the deficits What this bill does is make this a five-year program a program in which we start a deficit decline that by 1990 will bring us to the even Stage and then I pray that we'll have the sense to have a constitutional amendment that says from 1990 on the federal government will not spend more than it takes in You see what this does now The this makes it that somebody that tries to bust the budget now in the future We'll be going against a plan that has been put into effect by law And we won't have to every year fight that same futile and frustrating Fight with the big spenders in a few days the House Senate conferees will meet to iron out their differences The American people I don't think will tolerate any attempt to scuttle this last best hope to come to grips with the budget Deficit the days of the big spender are over The House Senate conference committee should realize the American people are watching America's future never held more promise, but we need Bob cast in the Senate to make that promise real Our agenda is full fair taxes balanced budgets and beyond the economy excellence in education in the end to government sanctioned discrimination and important above all Using our technology in which we're the world's leader to make peace more secure for generations to come I know you've heard all about it first of all a hostile voice was raised and called our defense plan that we're working on Star Wars well, it isn't anything of the kind then we've been going by SDI which is the strategic defense initiative Well, I'll tell you what I prefer to call it It is the strategic space shield a Non-lethal weapon that is not going to kill people But that is going to kill anti ballistic missiles before they can reach their target Today our deterrent our war deterrent is based on they have missiles We have missiles and if they fire their missiles and kill millions of our people will fire ours and kill millions millions of theirs That's no way to go The how how long can the American people stand still for a strategy that threatens so many innocent lines But our goal is that once we can prove and establish we can with this research But the kind of weapon we're talking about a defensive weapon aimed at missiles is effective then we really Can do away with nuclear weapons in the world once and for all because they'll be useless from then on We're searching for the most cost-effective means of providing for our defense based on Rapid advances in technology and that's the American way We are high-tech and the highest tech in the world today Computers that not so long ago used to fill whole rooms and cost millions of dollars are today outperformed by little silicon chips smaller than your thumbnail and Costing only a fraction of a penny Technology is getting more productive and cheaper every day Doesn't a cost-effective defense allied with high technology makes sense in this day and age The semiconductor industry is discovering a world of seemingly unlimited possibility in the infinitely small recesses of a grain of sand our technological achievements of the past few years are One of the greatest stories ever told and if we can bring this great resource of knowledge and wisdom to bear and creating a more secure And peaceful world it may be one of the greatest blessings that mankind has ever received Well, it's been a real pleasure coming. Oh, I'm gonna interrupt for a second. Let's tell you something we have a new head at the United Nations, you know former general waters and and general waters recently his ambassador waters now was on a mission for us to to China and There they were speaking critically to him of this Strategic shield that I have mentioned and they didn't seem very optimistic about it and then one of the Government officials there said to him we have a problem here in China that we often speak of he said if a man has invented a she a Spear that can penetrate any shield and Another man has invented an impenetrable shield and they meet What happens an ambassador water said I don't know the answer to that But he said I do know what happens if a man with a Spear that can penetrate anything Meets a mere man who doesn't have a shield at all. I know what happens then They sort of changed their mind about our defense Well, it's been a real pleasure coming out to this beautiful state once again Pretty soon. I'm gonna have to be getting back to Washington And I'm just hoping that the people of Wisconsin will send Bob Casten back there to keep me company Bob is the senator Wisconsin needs to represent it into the 1990s and He's the kind of leader America needs to carry us proudly into the 21st century So you elect Bob Casten in 1986 and that would really make my day And it would make America's day, too, and I just want to thank you all God bless you and We'll both be there to thank you in, Washington Mr. President, Mr. President as you may know we're all Green Bay Packer fans in Wisconsin these days and particularly particularly after the Green Bay Packers seem to be doing so well as As you know when we were together in in Oshkosh In June I gave you a pair of Oshkosh Bagash overalls, which I'm sure you've been able to use at the ranch and And now we in Wisconsin have decided that the the pack is back And what we'd like to do is to give you a Green Bay Packers jersey But it's a very special Green Bay Packers jersey because it says The pack is back and mr. President America is back Thank you very much And I mentioned having played football so this I treasure this especially I was a guard Right guard Thank you all very much