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First Inaugural Address
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On January 20, 1981, Reagan began his first presidential inauguration address by thanking Carter for his “gracious cooperation in the transition process”.
Reagan notes “one of the worst sustained inflations in our national history. It distorts our economic decisions, penalizes thrift, and crushes the struggling young and the fixed-income elderly alike.” “In this present crisis, government is not the solution to our problem; government is the problem.”
“For decades we have piled deficit upon d...