Word: reaganism
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Dates: during 1990-1999
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...1930s farmers had made plowing an art form and were competing in county fairs. Herb Plambeck, an enterprising farm reporter and colleague of Ronald Reagan's at Des Moines' station WHO, brought the contestants together in a national match that thrust plowing into power politics. In 1948 Harry Truman headed for Dexter, Iowa, where 100,000 people had come to witness the meet. Truman gave the 80th Congress hell, delightedly kicked some newly turned clods of earth as if they were Republicans, and came away with a huge grin, convinced that the reception he got from the dirt farmers meant...
...nature when she joined the bewigged, masculine Irish bar. Even now she is loath to provide a glimpse into her exemplary private life. When she toured the U.S. last fall, she came across as rather straitlaced. An American who talked to her said the unthinkable: "She's Nancy Reagan -- only good...
...buying into the supply-side notion that the U.S. could cut income taxes while simultaneously paying for massive increases in defense and certain highly popular domestic programs, Reagan may be justly dubbed the Father of the 12-Digit Deficit. Yet he and Bush are still trying to shift the blame to Congress. As recently as last week, Reagan wrote in the New York Times that "Congress alone has responsibility and authority for passing budgets, and Congress alone can balance them." True, but the argument begs the question...
What happened in the '80s was that Congress, impressed with Reagan's overwhelming popularity (and later Bush's), sheepishly followed the White House's lead on overall spending levels. If the resulting deficits were sometimes higher than those forecast in the two Presidents' own unbalanced budgets, it was because Reagan-Bush aides, such as former Budget Director David Stockman and current Director Richard Darman, consistently and deliberately overestimated federal revenues...
Eisner is no supply-sider, but many who are agree with him up to a point. Paul Craig Roberts, a former Assistant Secretary of the Treasury in the Reagan Administration and a leader of the supply-side revolution, believes that all the hand wringing over the deficit is misplaced. The worst thing about it, in Roberts' view, is that "it causes the government to keep doing the wrong thing to correct it" -- raising taxes of one kind or another and thereby inhibiting growth. "The deficit is only a problem if it continues to grow relative to the gross domestic product...