We believed it was better to pay as you go than it was to pay your bills by borrowing and laying up debts for another day. To pay as you go, that policy is a safer business policy and a saner business policy, and we thought it was a saner national policy.

From Jefferson to Jackson to Lincoln to FDR to Reagan every great president inspires enormous affection and enormous hostility. We'll all be much saner I think if we remember that history is full of surprises and things that seemed absolutely certain one day are often unimaginable the next.