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Industry: Email Alert RSS FeedRemarks to Langham company employees in Indianapolis, Indiana
Weekly Compilation of Presidential Documents, Sept 15, 2003
About a quarter of the deficit was caused by the 'tax relief. But the tax relief is helping us recover from the recession. It was needed. It was needed to make this economy grow. And as the economy grows, more revenues come into the Treasury. The best way to cut down the deficit--and I've got a plan to reduce it in half in 5 years--is for Congress to set priorities and not overspend.
Discretionary spending prior to my arrival was increasing at 8.7 percent. Working with fine Senators like Dick Lugar, we've got discretionary spending down during this budget cycle to 4 percent.
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There is no question that we've been challenged. But those challenges came to the right people. I have been so proud of our country. We are a country that is determined and strong and tough when we need to be tough and compassionate when we need to be compassionate. We've overcome a lot. We've overcome war, attacks on our country, recessions, corporate scandals. And yet we're still strong. We're vibrant. We're a great nation. We're a great nation because of our ideals and our beliefs. We believe in human dignity. We believe everybody has worth. We believe in freedom and the promise of freedom.
Ours is a nation dedicated to a world of peace, and we will use our strength to achieve peace. And ours is a nation dedication to uplifting every citizen who lives in this country by giving every person a chance to realize the great promise, the American Dream.
Thank you all for coming. May God bless you, and may God bless America.
NOTE: The President spoke at 2:54 p.m. in the warehouse at Langham Co. In his remarks, he referred to Gov. Frank O'Bannon of Indiana; and Cathy Langham, president, John Langham, vice president, finance and administration, and Margaret Langham, vice president, operations, Langham Co. This item was not received in time for publication in the appropriate issue.
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