Quote by Ronald Reagan
“Deficits, as I’ve often said, aren’t caused by too little taxing, they are caused by too much spending. Presidents don’t create deficits, Congress does. Presidents can’t appropriate a dollar of taxpayers’ money; only congressmen can—and Congress is susceptible to all sorts of influences that have nothing to do with good government.”
― Ronald Reagan ,
from An American Life
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Ronald Wilson Reagan was the 40th President of the United States (1981–1989) and the 33rd Governor of California (1967–1975). Born in Tampico, Illinois, Reagan moved to Los Angeles, California in the 1930s. He began a career in filmmaking and later television, making 52 films and gaining enough success to become a household name.
As president, Reagan implemented sweeping new political and economic initiatives. His supply-side economic policies, dubbed "Reaganomics," advocated reduced business regulation, controlling inflation, reducing growth in government spending, and spurring economic growth through tax cuts.
Reagan left office in 1989. In 1994, the former president disclosed that he had been diagnosed with Alzheimer's disease earlier in the year; he died ten years later at the age of 93. He ranks highly among former U.S. presidents in terms of approval rating.