美国经典英文演讲100篇:1984 DNC Address_演讲

美国经典英文演讲100篇:1984 DNC Address

Mr. Reagan curbed inflation by cutting consumer demand. He cut consumer demand with conscious and callous fiscal and monetary policies. He used the Federal budget to deliberately induce unemployment and curb social spending. He then weighed and supported tight monetary policies of the Federal Reserve Board to deliberately drive up interest rates, again to curb consumer demand created through borrowing. Unemployment reached 10.7 percent. We experienced skyrocketing interest rates. Our dollar inflated abroad. There were record bank failures, record farm foreclosures, record business bankruptcies; record budget deficits, record trade deficits.

Mr. Reagan brought inflation down by destabilizing our economy and disrupting family life. He promised -- he promised in 1980 a balanced budget. But instead we now have a record 200 billion dollar budget deficit. Under Mr. Reagan, the cumulative budget deficit for his four years is more than the sum total of deficits from George Washington to Jimmy Carter combined. I tell you, we need a change.

How is he paying for these short-term jobs? Reagan's economic recovery is being financed by deficit spending -- 200 billion dollars a year. Military spending, a major cause of this deficit, is projected over the next five years to be nearly 2 trillion dollars, and will cost about 40,000 dollars for every taxpaying family. When the Government borrows 200 billion dollars annually to finance the deficit, this encourages the private sector to make its money off of interest rates as opposed to development and economic growth.