State of the Union 1986

The 1986 State of the Union Address delivered February 4, 1986, was delayed following the Space Shuttle Challenger disaster which killed its seven crew members. Reagan reports the U.S. is the economic miracle to which the world once again turns, with record economic growth and inflation cut from over 12 to under 4 percent.

But the federal budget system is broken. “We do not face large deficits because American families are undertaxed; we face those deficits because the Federal Government ov...