What President Reagan meant by the quote here is that the government are the ones that go about borrowing money and end up jeopardizing the future by being in debt.
Why Reagan felt the government was the problem
The reason why the President felt that the government was the problem was because they were the ones that had the powers to make changes and policies in the nation.
They were the ones on whose powers the nation was being run. The solution that Reagan had was to reduce the spending of the government, put Americans back to work and reduce inflation.
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