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Updated: June 8, 2025
These other steps include measures to increase investment such as the tax proposals included in my 1982 budget and measures to increase competition and productivity in our economy. Voluntary incomes policies can also directly influence wages and prices in the direction of moderation and thereby bring inflation down faster and at lower cost to the economy.
Over the same period, Federal support for conservation and solar energy has increased by more than 3000 percent, to $3.3 billion in FY 1981, including the tax credits for solar energy and energy conservation investments these credits are expected to amount to $1.2 billion in FY 1981 and $1.5 billion in FY 1982.
Last year, Congress reauthorized both the CDBG and UDAG programs. The CDBG program was reauthorized for three more years with annual funding increases of $150 million, and the UDAG program was extended for three years at the current funding level of $675 million annually. My 1982 budget requests full funding for both of these programs.
We must move together into this decade with the strength which comes from realization of the dangers before us and from the confidence that together we can overcome them. The White House, January 16, 1981. State of the Union Address Ronald Reagan January 26, 1982 Mr. Speaker, Mr.
Those patients who were out exchange in their relationships with others in one or more areas of their life frequently did not get well until they changed these behaviors. Toward the end of 1982, after providing a decade of services to a great many clients, many of these in critical condition, I reached to point where I was physically, mentally, and spiritually drained.
The Federal Government must lead the way in investment in the Nation's technological future. The Federal Government has an obligation to nurture and protect our environment the common resource, birthright, and sustenance of the American people. My 1982 budget continues to support these principles.
My FY 1982 budget requests more than $1.5 billion for economic development grants, loans and interest subsidies and almost $1.5 billion for loan guarantees. Approximately 60 percent of these funds will be spent in our Nation's urban areas. In addition, we have extended the 10 percent investment credit to include rehabilitation of existing industrial facilities as well as new construction.
The recurrent rescues of Mexico following its systemic crises in 1976, 1982, 1988, and 1994 are textbook examples of moral hazard. The Cato Institute called them, in a 1995 Policy Analysis paper, "palliatives" which create "perverse incentives" with regards to what it considers to be misguided Mexican public policies such as refusing to float the peso.
Already our efforts to crack down on career criminals, organized crime, drugpushers, and to enforce tougher sentences and paroles are having effect. In 1982 the crime rate dropped by 4.3 percent, the biggest decline since 1972. Protecting victims is just as important as safeguarding the rights of defendants.
The Grace commission has given us some 2,500 recommendations for reducing wasteful spending, and they're being examined throughout the administration. Federal spending growth has been cut from 17.4 percent in 1980 to less than half of that today, and we have already achieved over $300 billion in budget savings for the period of 1982 to '86.
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