“Let us show that we stand for fiscal integrity and sound money and above all for an end to deficit spending, with ultimate retirement of the national debt. Let us also include a permanent limit on the percentage of the people’s earnings government can take without their consent. Let our banner proclaim a genuine tax reform... Let us explore ways to ward off socialism, not by increasing government’s coercive power, but by increasing participation by the people in the ownership of our industrial machine... And we must make it plain to international adventurers that our love of peace stops short of ‘peace at any price.’ We will maintain whatever level of strength is necessary to preserve our free way of life. ... I do not believe I have proposed anything that is contrary to what has been considered Republican principle. It is at the same time the very basis of conservatism. It is time to reassert that principle and raise it to full view. And if there are those who cannot subscribe to these principles, then let them go their way.”

—Ronald Reagan