Sixty years ago this week, Ronald Reagan delivered a speech in support of Barry Goldwater’s presidential bid. It was dubbed “A Time for Choosing.”
Re-reading the speech, or watching it on YouTube, is a reminder how little has changed in six decades. Some of the issues debated in 1964 are still being argued and unresolved today.
On taxes and spending, Reagan noted: “Thirty-seven cents out of every dollar earned in this country is the tax collector’s share, and yet our government continues to spend$ 17 million dollars a day more than the government takes in. We haven’t balanced our budget 28 out of the last 34 years.”
In fiscal 2024, according to the U.S. Department of Treasury, “approximately $0.43 out of every dollar goes to the government” And the debt is $35 trillion, making the 1964 debt look like chump change.
This line captured…
