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This is one of the most important days, in my opinion, in American history. It's our declaration of economic independence. ...now it's our turn to prosper and in so doing use trillions and trillions of dollars to reduce our taxes and pay down our national debt and it will all happen very quickly. With today's action we are finally going to be able to make America great again, greater than ever before.
In this connection, I should mention our enormous national debt. We must begin to make some payments on it if we are to avoid passing on to our children an impossible burden of debt.
The lessons of history, confirmed by the evidence immediately before me, show conclusively that continued dependence upon relief induces a spiritual and moral disintegration fundamentally destructive to the national fiber.
Income was wisely chosen as the measure of benefits and of ability to pay. This was, and still is, a wholesome guide for national policy.
The individual does not create the product of his industry with his own hands; he utilizes the many processes and forces of mass production to meet the demands of a national and international market.
In spite of the great importance in our national life of the efforts and ingenuity of unusual individuals, the people in the mass have inevitably helped to make large fortunes possible.
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