Word: countercaveat
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Dates: during 1984-1984
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...present recovery." But that was followed by an important caveat. If in his judgment Government costs had been reduced to their lowest possible level, said Reagan, "you would have to look at the tax structure in order ... to meet that minimum level of Government expenditures." Then a countercaveat: "I think we're a long way from that point with regard to bringing Government down to where it could be brought down." Yet Reagan declined to say where further spending cuts could occur or how they could possibly approach the $200 billion level of the budget shortfall, which...
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