Ronald Reagan, 1975 Address

This speech was much longer, so I took out some parts. However, reading this speech from 1975 is quite shocking that the Republican Party (and America) is in the exact same place now as it was 33 years ago.

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… we have been through a disastrous election. It is easy for us to be discouraged, as pundits hail that election as a repudiation of our philosophy and even as a mandate of some kind or other. But the significance of the election was not registered by those who voted, but by those who stayed home…

In another recent survey, of 35,000 college and university students polled, three-fourths blame American business and industry for all of our economic and social ills. The same three-fourths think the answer is more (and virtually complete) regimentation and government control of all phases of business—including the imposition of wage and price controls. Yet, 80 percent in the same poll want less government interference in their own lives!

Our task is to make them see that what we represent is identical to their own hopes and dreams of what America can and should be. If there are questions as to whether the principles of conservatism hold up in practice, we have the answers to them. Where conservative principles have been tried, they have worked.

Without inflation there would be no recession. And unless we curb inflation we can see the end of our society and economic system. The painful fact is we can only halt inflation by undergoing a period of economic dislocation—a recession, if you will.

We can take steps to ease the suffering of some who will be hurt more than others, but if we turn from fighting inflation and adopt a program only to fight recession we are on the road to disaster.

Inflation has one cause and one cause only: government spending more than government takes in. And the cure to inflation is a balanced budget. We know, of course, that after 40 years of social tinkering and Keynesian experimentation that we can’t do this all at once, but it can be achieved. Balancing the budget is like protecting your virtue: you have to learn to say “no.”

This is no time to repeat the shopworn panaceas of the New Deal, the Fair Deal and the Great Society. John Kenneth Galbraith, who, in my opinion, is living proof that economics is an inexact science, has written a new book. It is called “Economics and the Public Purpose.” In it, he asserts that market arrangements in our economy have given us inadequate housing, terrible mass transit, poor health care and a host of other miseries. And then, for the first time to my knowledge, he advances socialism as the answer to our problems.

Shorn of all side issues and extraneous matter, the problem underlying all others is the worldwide contest for the hearts and minds of mankind. Do we find the answers to human misery in freedom as it is known, or do we sink into the deadly dullness of the Socialist ant heap?

Those who suggest that the latter is some kind of solution are, I think, open to challenge. Let’s have no more theorizing when actual comparison is possible. There is in the world a great nation, larger than ours in territory and populated with 250 million capable people. It is rich in resources and has had more than 50 uninterrupted years to practice socialism without opposition.

We could match them, but it would take a little doing on our part. We’d have to cut our paychecks back by 75 percent; move 60 million workers back to the farm; abandon two-thirds of our steel-making capacity; destroy 40 million television sets; tear up 14 of every 15 miles of highway; junk 19 of every 20 automobiles; tear up two-thirds of our railroad track; knock down 70 percent of our houses; and rip out nine out of every 10 telephones. Then, all we have to do is find a capitalist country to sell us wheat on credit to keep us from starving!

Our people are in a time of discontent. Our vital energy supplies are threatened by possibly the most powerful cartel in human history. Our traditional allies in Western Europe are experiencing political and economic instability bordering on chaos.

Can we live with ourselves if we, as a nation, betray our friends and ignore our pledged word? And, if we do, who would ever trust us again? To consider committing such an act so contrary to our deepest ideals is symptomatic of the erosion of standards and values. And this adds to our discontent.

We did not seek world leadership; it was thrust upon us. It has been our destiny almost from the first moment this land was settled. If we fail to keep our rendezvous with destiny or, as John Winthrop said in 1630, “Deal falsely with our God,” we shall be made “a story and byword throughout the world.”

Americans are hungry to feel once again a sense of mission and greatness.

I don‘t know about you, but I am impatient with those Republicans who after the last election rushed into print saying, “We must broaden the base of our party”—when what they meant was to fuzz up and blur even more the differences between ourselves and our opponents.

It was a feeling that there was not a sufficient difference now between the parties that kept a majority of the voters away from the polls. When have we ever advocated a closed-door policy? Who has ever been barred from participating?

Our people look for a cause to believe in. Is it a third party we need, or is it a new and revitalized second party, raising a banner of no pale pastels, but bold colors which make it unmistakably clear where we stand on all of the issues troubling the people?

Let us show that we stand for fiscal integrity and sound money and above all for an end to deficit spending, with ultimate retirement of the national debt.

Let us also include a permanent limit on the percentage of the people’s earnings government can take without their consent.

Let our banner proclaim a genuine tax reform that will begin by simplifying the income tax so that workers can compute their obligation without having to employ legal help.

And let it provide indexing—adjusting the brackets to the cost of living—so that an increase in salary merely to keep pace with inflation does not move the taxpayer into a surtax bracket. Failure to provide this means an increase in government’s share and would make the worker worse off than he was before he got the raise.

Let our banner proclaim our belief in a free market as the greatest provider for the people.

Let us also call for an end to the nit-picking, the harassment and over-regulation of business and industry which restricts expansion and our ability to compete in world markets.

Let us explore ways to ward off socialism, not by increasing government’s coercive power, but by increasing participation by the people in the ownership of our industrial machine.

Our banner must recognize the responsibility of government to protect the law-abiding, holding those who commit misdeeds personally accountable.

And we must make it plain to international adventurers that our love of peace stops short of “peace at any price.”

We will maintain whatever level of strength is necessary to preserve our free way of life.

A political party cannot be all things to all people. It must represent certain fundamental beliefs which must not be compromised to political expediency, or simply to swell its numbers.

I do not believe I have proposed anything that is contrary to what has been considered Republican principle. It is at the same time the very basis of conservatism. It is time to reassert that principle and raise it to full view. And if there are those who cannot subscribe to these principles, then let them go their way.