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Originally Posted by Guest
I think Presidents have veto power over budgets. I don't know the answer as to whether or not the budget was passed over a veto but I'm guessing it wasn't. If it was he is blameless. He doubled the national debt. Giving a tax cur without cutting spending is heading in the same direction.
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"As there was a deal in 1983, there was a deal in 1982 — a budget deal. Democrats will tell you that Reagan teamed with O’Neill to raise taxes and save the day. For instance, President Obama has said, “If Ronald Reagan could compromise, why wouldn’t folks who idolize Ronald Reagan be willing to engage in those same kinds of compromises?”
I’ll tell you what “folks” know, some of us: that O’Neill and the Democrats promised three dollars in spending cuts for every dollar in taxes raised. The taxes were raised, of course; the spending cuts never came. Reagan kicked himself, hard, for that deal."
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