Video: Gov. Palin's Reagan 100 speech

"This is not the road to national greatness, it is the road to ruin"
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Video courtesy Palin TV

Partial Transcript:

Just last November the American people rose up and decisively rejected big government. We don't want it, we can't afford it, so we fired many that had forced it on us. We the people said "enough is enough." But just days ago in the State of the Union address, less than 9o days after that freedom message was sent at the ballot box -- and it was an historic election -- yet we were just told the era of big government is here to stay, and you're going to pay for it, whether you want to or not. But they can't sell it to us with the old sales pitch anymore. So this new version isn't just the tried and tired liberal nanny state of the Great Society.

Now it's much worse and it's couched in the language of national greatness which to the left is their version of American exceptionalism. It is exceptionally big government, where bureaucrats declare that we shall be great and innovative and competitive, but not by individual initiative anymore, but by government decree. It's the same old tax and spend policies, or rather now it's borrow and spend and then tax the job creators. But we'll no longer call it spending for a while. They called it stimulus, but that didn't work because clearly it didn’t stimulate anything - but a Tea Party. So now they'll call it investing. But you have to ask yourself, if government overspending is investing, then bankruptcy would be a sign of economic strength. And it just isn't so.

And they have all sorts of half-baked ideas on what to spend... er, invest our hard-earned money on for their idea of national greatness. These investments include everything from solar shingles to fast train tracks. But as we struggle to merely service our unsustainable debt, the only thing these investments will get us is a bullet train to bankruptcy.

Other memorable lines and phrases:

Crony Capitalism on Steroids... They’ll freeze spending at historically high levels.... We don't have the luxury of subsidizing failures.

This dangerous debt is breaking our economy. We need to cut spending and live within our means. And we desperately need jobs. We need a vibrant economy that makes and builds things.

Our grandparents put their faith in God, not government. They didn't retreat but tried again until they succeded.

Reagan said, "I am not a great man, I just believe in great ideas." People are looking for the next Ronald Reagan, but they're not going to find him. He was one of a kind. But there is an army of Davids. These Davids aren’t afraid to tell Goliath "Don’t tread on me!"

You can also watch the video of Gov. Palin's full speech at the C-SPAN website here. Devonia Smith has transcribed some more excerpts from Gov. Palin's speech here.

- JP