Quotes

Reagan on Free Enterprise

“I've learned that experts have a name for that kind of upside-down accounting. They call it hogwash.”

January 9, 1989

“But I think most of you have been in Washington long enough to know that when spending goes up, but by less than had been projected, they call that a cut, even though more of your tax dollars are being spent than before. I've learned that experts have a name for that kind of upside-down accounting. They call it hogwash.”

— Remarks at a White House Briefing for the Coalition for Fiscal Restraint