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Senator Hatfield, Mr. Chief Justice, Mr. President, Vice President
Bush, Vice President Mondale, Senator Baker, Speaker O'Neill,
Reverend Moomaw, and my fellow citizens.

To a few of us here today this is a solemn and most momentous
occasion, and yet in the history of our nation it is a commonplace
occurrence. The orderly transfer of authority as called for in the
Constitution routinely takes place, as it has for almost two centuries,
and few of us stop to think how unique we really are. In the eyes of
many in the world, this every-four-year ceremony we accept as
normal is nothing less than a miracle.

Mr. President, I want our fellow citizens to know how much you did
to carry on this tradition. By your gracious cooperation in the
transition process, you have shown a watching world that we are
a united people pledged to maintaining a political system which
guarantees individual liberty to a greater degree than any other,
and I thank you and your people for all your help in maintaining the
continuity which is the bulwark of our republic.

The business of our nation goes forward. These United States are confronted with an economic affliction of great
proportions. We suffer from the longest and one of the worst sustained inflations in our national history. It distorts our
economic decisions, penalizes thrift, and crushes the struggling young and the fixed-income elderly alike. It threatens
to shatter the lives of millions of our people.

    Idle industries have cast workers into unemployment,
    human misery, and personal indignity. Those who do
    work are denied a fair return for their labor by a tax
    system which penalizes successful achievement and
    keeps us from maintaining full productivity.

    But great as our tax burden is, it has not kept pace
    with public spending. For decades we have piled
    deficit upon deficit, mortgaging our future and our
    children's future for the temporary convenience of
    the present. To continue this long trend is to
    guarantee tremendous social, cultural, political, and
    economic upheavals.

You and I, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. Why, then,
should we think that collectively, as a nation, we're not bound by that same limitation? We must act today in order to
preserve tomorrow. And let there be no misunderstanding: We are going to begin to act, beginning today.

The economic ills we suffer have come upon us over several decades. They will not go away in days, weeks, or
months, but they will go away. They will go away because we as Americans have the capacity now, as we've had in
the past, to do whatever needs to be done to preserve this last and greatest bastion of freedom.

In this present crisis, government is not the solution to our problem; government is the problem. From time to time
we've been tempted to believe that society has become too complex to be managed by self-rule, that government by
an elite group is superior to government for, by, and of the people. Well, if no one among us is capable of governing
himself, then who among us has the capacity to govern someone else? All of us together, in and out of government,
must bear the burden. The solutions we seek must be equitable, with no one group singled out to pay a higher price.

We hear much of special interest groups. Well, our concern must be for a special interest group that has been too
long neglected. It knows no sectional boundaries or ethnic and racial divisions, and it crosses political party lines. It is
made up of men and women who raise our food, patrol our streets, man our mines and factories, teach our children,
keep our homes, and heal us when we're sick - professionals, industrialists, shopkeepers, clerks, cabbies, and truck
drivers. They are, in short, "we the people," this breed called Americans.

Well, this administration's objective will be a healthy, vigorous, growing economy that provides equal opportunities for
all Americans, with no barriers born of bigotry or discrimination. Putting America back to work means putting all
Americans back to work. Ending inflation means freeing all Americans from the terror of runaway living costs. All must
share in the productive work of this "new beginning," and all must share in the bounty of a revived economy. With the
idealism and fair play which are the core of our system and our strength, we can have a strong and prosperous
America, at peace with itself and the world.

So, as we begin, let us take inventory. We are a nation that has a government - not the other way around. And this
makes us special among the nations of the earth. Our government has no power except that granted it by the
people. It is time to check and reverse the growth of government, which shows signs of having grown beyond the
consent of the governed.

It is my intention to curb the size and influence of the federal establishment and to demand recognition of the
distinction between the powers granted to the federal government and those reserved to the states or to the people.
All of use need to be reminded that the federal government did not create the states; the states created the federal
government.

Now, so there will be no misunderstanding, it's not my intention to do away with government. It is rather to make it
work - work with us, not over us; to stand by our side, not ride on our back. Government can and must provide
opportunity, not smother it; foster productivity, not stifle it.

If we look to the answer as to why for so many years we achieved so much, prospered as no other people on earth, it
was because here in this land we unleashed the energy and individual genius of man to a greater extent than has
ever been done before. Freedom and the dignity of the individual have been more available and assured here than
in any other place on earth. The price for this freedom at times has been high, but we have never been unwilling to
pay the price.

It is no coincidence that our present troubles parallel and are proportionate to the intervention and intrusion in our
lives that result from unnecessary and excessive growth of government. It is time for us to realize that we're too great
a nation to limit ourselves to small dreams. We're not, as some would have us believe, doomed to an inevitable
decline. I do not believe in a fate that will fall on us no matter what we do. I do believe in a fate that will fall on us if we
do nothing. So, with all the creative energy at our command, let us begin an era of national renewal. Let us renew
our determination, our courage, and our strength. And let us renew our faith and our hope.

We have every right to dream heroic dreams. Those who say that we're in a time when there are no heroes, they just
don't know where to look. You can see heroes every day going in and out of factory gates. Others, a handful in
number, produce enough food to feed all of us and then the world beyond. You meet heroes across a counter, and
they're on both sides of that counter. There are entrepreneurs with faith in themselves and faith in an idea who
create new jobs, new wealth and opportunity. They're individuals and families whose taxes support the government
and whose voluntary gifts support church, charity, culture, art, and education. Their patriotism is quiet, but deep.
Their values sustain our national life.

Now, I have used the words "they" and "their" in speaking of these heroes. I could say "you" and "your," because I'm
addressing the heroes of whom I speak - you, the citizens of this blessed land. Your dreams, your hopes, your goals
are going to be the dreams, the hopes, and the goals of this administration, so help me God.

We shall reflect the compassion that is so much a part of your makeup. How can we love our country and not love
our countrymen; and loving them, reach out a hand when they fall, heal them when they're sick, and provide
opportunity to make them self-sufficient so they will be equal in fact and not just in theory?

Can we solve the problems confronting us? Well, the answer is an unequivocal and emphatic "yes." To paraphrase
Winston Churchill, I did not take the oath I've just taken with the intention of presiding over the dissolution of the
world's strongest economy.

In the days ahead I will propose removing the roadblocks that have slowed our economy and reduced productivity.
Steps will be taken aimed at restoring the balance between the various levels of government. Progress may be slow,
measured in inches and feet, not miles, but we will progress. It is time to reawaken this industrial giant, to get
government back within its means, and to lighten our punitive tax burden. And these will be our first priorities, and on
these principles there will be no compromise.

On the eve of our struggle for independence a man who might have been one of the greatest among the Founding
Fathers, Dr. Joseph Warren, president of the Massachusetts Congress, said to his fellow Americans, "Our country is
in danger, but not to be despared of . . . On you depend the fortunes of America. You are to decide the important
questions upon which rests the happiness and the liberty of millions yet unborn. Act worthy of yourselves."

Well, I believe we, the Americans of today, are ready to act worthy of ourselves, ready to do what must be done to
ensure happiness and liberty for ourselves, our children, and our children's children. And as we renew ourselves
here in our own land, we will be seen as having greater strength throughout the world. We will again be the exemplar
of freedom and a beacon of hope for those who do not now have freedom.

To those neighbors and allies who share our freedom, we will strengthen our historic ties and assure them of our
support and firm commitment. We will match loyalty with loyalty. We will strive for mutually beneficial relations. We will
not use our friendship to impose on their sovereignty, for our own sovereignty is not for sale.

As for the enemies of freedom, those who are potential adversaries, they will be reminded that peace is the highest
aspiration of the American people. We will negotiate for it, sacrifice for it; we will not surrender for it, not or ever.

Our forbearance should never be misunderstood. Our reluctance for conflict should not be misjudged as a failure of
will. When action is required to preserve our national security, we will act. We will maintain sufficient strength to
prevail if need be, knowing that if we do so we have the best chance of never having to use that strength.

Above all, we must realize that no arsenal or no weapon in the arsenals of the world is so formidable as the will and
moral courage of free men and women. It is a weapon our adversaries in today's world do not have. It is a weapon
that we as Americans do have. Let that be understood by those who practice terrorism and prey upon their
neighbors.

I'm told that tens of thousands of prayer meetings are being held on
this day, and for that I'm deeply grateful. We are a nation under God,
and I believe God intended for us to be free. It would be fitting and
good, I think, if on each Inaugural Day in future years it should be
declared a day of prayer.

This is the first time in our history that this ceremony has been held,
as you've been told, on the West Front of the Capital. Standing here,
one faces a magnificent vista, opening up on the city's special
beauty and history. At the end of this open mall are those shrines to
the giants on whose shoulders we stand.

Directly in front of me, the monument to a monumental man, George
Washington, father of our country. A man of humility who came to
greatness reluctantly. He led Americans out of revolutionary victory
into infant nationhood. Off to one side, the stately memorial to
Thomas Jefferson. The Declaration of Independence flames with his
eloquence. And then, beyond the Reflecting Pool, the dignified
columns of the Lincoln Memorial. Whoever would understand in his
heart the meaning of America will find it in the life of Abraham Lincoln.

Beyond those monuments to heroism is the Potomac River, and on the far shore the sloping hills of Arlington
National Cemetery, with its row upon row of simple white markers bearing crosses of Stars of David. They add up to
only a tiny fraction of the price that has been paid for our freedom.

Each one of those markers is a monument to the kind of hero I spoke of earlier. Their lives ended in places called
Belleau Wood, the Argonne, Omaha Beach, Salerno, and halfway around the world on Guadalcanal, Tarawa, Pork
Chop Hill, the Chosin Reservoir, and in a hundred rice paddies and jungles of a place called Vietnam.

Under one such marker lies a young man, Martin Treptow, who left his job in a small town barbershop in 1917 to go
to France with the famed Rainbow Division. There, on the western front, he was killed trying to carry a message
between battalions under heavy artillery fire.

We're told that on his body was found a diary. On the flyleaf under the heading "My Pledge," he had written these
words: "America must win this war. Therefore I will work, I will save, I will sacrifice, I will endure, I will fight cheerfully
and do my utmost, as if the issue of the whole struggle depended on me alone."

The crisis we are facing today does not require of us the kind of sacrifice that Martin Treptow and so many
thousands of others were called upon to make. It does require, however, our best effort and our willingness to
believe in ourselves and to believe in our capacity to perform great deeds, to believe that together with God's help
we can and will resolve the problems which now confront us.

And after all, why shouldn't we believe that? We are Americans.

God bless you, and thank you.
LOOKING FOR HEROES
        ...The Great Communicator Told Us They Were All Around Us

It was January 20, 1981. I wouldn't have missed it for the world. I stood beside
thousands of other Americans who pressed into the area next to the West Front of
the United States Capitol building.

The man who had spent his life defying the odds to succeed time after time, no
matter what the critics said, had just won a massive victory over the political
experts of both parties, the mainstream media, and one of the dirtiest campaigns
ever waged against one candidate.

Somehow, with Ronald Reagan leading the charge, everyday Americans had won
the White House back. The optimism, especially after four years of eye-opening
malaise, was wonderfully contagious. And when the new President stepped up to
the microphone, people wondered if his address would be as momentous as the
election. It was! Here is the full text for you to read and enjoy once again.
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"We have every
right to dream
heroic dreams.
Those who say
that we're in a
time when there
are no heroes,
they just don't
know where to
look... They're
individuals and
families whose
taxes support the
government and
whose voluntary
gifts support
church, charity,
culture, art, and
education. Their
patriotism is
quiet, but deep.
Their values
sustain our
national life."
The President spoke at 12 noon from a
platform erected at the West Front of the
Capitol. Immediately before the address,
the oath of office was administered by
Chief Justice Warren E. Burger.
"America must
win this war.
Therefore I will
work, I will
save, I will
sacrifice, I will
endure, I will
fight cheerfully
and do my
utmost, as if the
issue of the
whole struggle
depended on
me alone."
-Martin Treptow
"My Pledge"