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The End of Reaganism
OK (or O.K., YMMV), so the headline on the NY Times today is that tax cut extensions have been passed without an offsetting revenue source.
I always though of RR's greatest achievement as Gramm-Rudman. It was, despite the best efforts of a sizable number of Democrats as well as some Republicans, a bi-partisan and radical approach to governing: setting some ground rules where we needed to pay as we went, and it has dominated the economic policy debate ever since.
It strikes me that during this election season Bush is putting the final nails on the Reagan coffin (granted, with the help of many D's, but that shouldn't surprise anyone - we're not the heir to the mantle).
Do any R's object to this?
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