Not on a smartphone. Mobile speak (which also has braille support for those of us that are actually deafblind, not just deaf) costs around 300$ retail. However, if you buy your phone, and mobile speak, through AT&T, they will sell it to you for 90$.
The other program I mentioned (on a laptop) is specifically meant for people who have difficulty speaking and does not function as a screenreader, and it's 100% free. The voices aren't amazing if you don't have ones you previously purchased (I use the voice that came with Zoomtext on it, neospeech paul) but it will definately still work.