I make this pledge tonight: My team and I are ready to work with the Congress, to form a special leadership group, to negotiate in good faith, to work day and night--if that’s what it takes--to meet the budget targets and to produce a budget on time.

We cannot settle for business as usual. Government by continuing resolution, or government by crisis, will not do. And I ask the Congress tonight to approve several measures which will make budgeting more sensible. We could save time and improve efficiency by enacting 2-year budgets. Forty-three Governors have the line-item veto. Presidents should have it, too. And at the very least, when a President proposes to rescind Federal spending, the Congress should be required to vote on that proposal instead of killing it by inaction. And I ask the Congress to honor the public’s wishes by passing a constitutional amendment to require a balanced budget. Such an amendment, once phased in, will discipline both the Congress and the executive branch.

Several principles describe the kind of America I hope to build with your help in the years ahead. We will not have the luxury of taking the easy, spendthrift approach to solving problems because higher spending and higher taxes put economic growth at risk. Economic growth provides jobs and hope. Economic growth enables us to pay for social programs. Economic growth enhances the security of the Nation, and low tax rates create economic growth.

I believe in giving Americans greater freedom and greater choice. And I will work for choice for American families, whether in the housing in which they live, the schools to which they send their children, or the child care they select for their young. You see, I believe that we have an obligation to those in need, but that government should not be the provider of first resort for things that the private sector can produce better. I believe in a society that is free from discrimination and bigotry of any kind. And I will work to knock down the barriers left by past discrimination and to build a more tolerant society that will stop such barriers from ever being built again.

I believe that family and faith represent the moral compass of the Nation. And I’ll work to make them strong, for as Benjamin Franklin said: “If a sparrow cannot fall to the ground without His notice, can a great nation rise without His aid? And I believe in giving people the power to make their own lives better through growth and opportunity. And together, let’s put power in the hands of people.

Three weeks ago, we celebrated the bicentennial inaugural, the 200th anniversary of the first Presidency. And if you look back, one thing is so striking about the way the Founding Fathers looked at America. They didn’t talk about themselves. They talked about posterity. They talked about the future. And we, too, must think in terms bigger than ourselves. We must take actions today that will ensure a better tomorrow. We must extend American leadership in technology, increase long-term investment, improve our educational system, and boost productivity. These are the keys to building a better future, and here are some of my recommendations:

I propose almost $2.2 billion for the National Science Foundation to promote basic research and keep us on track to double its budget by 1993.

I propose to make permanent the tax credit for research and development.

I’ve asked Vice President Quayle to chair a new Task Force on Competitiveness.

And I request funding for NASA [National Aeronautics and Space Administration] and a strong space program, an increase of almost $2.4 billion over the current fiscal year. We must have a manned space station; a vigorous, safe space shuttle program; and more commercial development in space. The space program should always go “full throttle up. And that’s not just our ambition; it’s our destiny.