 I don't know what to do, wait a minute, maybe I better unbutton this, huh? Yeah, that was about that, there we go, lucky you're cooperating, great, how did we get her to sit still, sir could you look up here, that's great, lucky you are, as she said I'm surrounded, don't touch your face though, that's fine, yes, yes, how it curls around in the top, yeah, lucky look this way now, no those teeth are still sharp, lucky, lucky good, lucky, lucky, lucky, lucky, look this way now, sir look this way, that's it huh, went after went on strike, that's it, yeah, thank you, my fellow Americans on Monday morning we will submit to the Congress our budget for fiscal year 1986, it is a budget that carries an enormous investment of human time and effort, indeed I believe the most exhaustive effort ever made to rein in governments chronic overspending, every proposal is based on a careful review of what government should and should not do, what's worked and what hasn't, what we can and can no longer afford, collectively the more than 50 proposals we're making can stop the excessive growth of federal spending in its tracks and put budget deficits on a permitted downward path, we'll be going into details on Monday and asking Congress to join us in a strong bipartisan effort but today I want to lay a few facts on the table so you understand why some so-called solutions you'll hear aren't solutions at all and also what all of us must do to cure governments overspending once and for all, first as surely as night follows day you'll hear that we can't make lasting progress bringing deficits down until we agree to a tax increase, wrong our problem isn't that you're paying too little taxes it's that government is spending too much money in the past ten years your tax revenues have grown by more than four hundred billion dollars but spending by government has grown by almost six hundred billion forty percent more than revenues and government spending has grown more than one-third faster than the growth of our economy in other words Washington's policy is heads I win tails you lose when your families do well government spends and borrows when you don't do well government spends and borrows our future economic success depends on the economy growing faster than government spending that's why raising taxes would boomerang economic growth would slow revenues would decline and the budget deficit would swell the second so-called solution you'll hear is that lasting progress won't be made without deep cuts in defense wrong again defense spending accounts for less than thirty percent of our budget today far less than twenty years ago we've cut our plan defense build up three years in a row and cut it again this year and all this while our adversaries have raced ahead with the greatest military buildup in the history of man it's time everyone faced up to why government for nearly fifty years has been heading down a one-way street of overspending and rising public debt part of the spending is understandable improve social security benefits for a growing elderly population for example but much of it results from the combination of special interest groups and flawed budget procedures our system of budget making in the Congress practically guarantees spending growth and this unsettles financial markets and helps keep interest rates from falling when government makes redistributing income more important than producing it people reallocate their energies from economic to political action the growth in special interests which many in Congress lament parallels a pattern of government taking from some to give to others it parallels the ability of special interest to lobby for benefits and override the national interest by concentrating great power on a small group of legislators so spending and taxes rise and growth declines that's why we have a rising national debt and a growing burden of paying interest on that debt our challenge is to strive for the strongest possible level of economic growth while making sure spending by government remains well below that to accomplish this we're proposing three long-term reforms first we want to reform the tax system make it more fair and simple for all so we can bring down tax rates for individuals and businesses provide incentives for stronger growth and thereby increase revenues to government second we want the Congress to pass a constitutional amendment mandating government spend no more than government takes in I will urge the House of Representatives to follow the positive actions of the Senate and pass this long overdue reform third we need passage of a line item veto so presidents would have the power 43 governors now have to veto individual items of wasteful overspending in appropriation bills we're doing a lot to bring down spending growth and keep our economy growing we could do a lot more if we keep our eyes on the facts and work together until next week thanks for listening and God bless you just just the hand yeah because I've got a mark but they're all I know is that I have to get that last mark on time or I'll have to finish the thing okay thanks well keep on chewing on wires you're gonna feel funny when your teeth line up