Ronald Reagan´s Inaugural Address - 1981

In Ronald Reagan´s inaugural address on January 20, 1981, he claims:

For decades we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. To continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals.

Despite these warnings from the beloved Republican leader, the policies pursued in subsequent decades have dramatically increased budget deficits and the public debt.