The first thing President Reagan did coming into office was to push through a federal spending cut of about 5% in his notorious 1981 budget cuts, much vilified by the Left. That was one of four explicit components of Reagan's economic recovery plan, which produced an historic, generation long, 25 year economic boom from 1982 to 2007. [1]
Categories: [Economics] [Conservatism] [Tax Revolts] [Libertarians]