Nation: Reagan's $90 Billion Blunder

Ronald Reagan had decided that it was time to switch from conservative generalities to a more specific blueprint for drastically reducing Big Government. And so, after three weeks of slapdash staff work, he proposed on Sept. 26 "a single bold stroke" that would abolish the federal role in welfare, education, Medicaid, air-traffic control, postal subsidies and some other services.

He estimated that the scheme would reduce federal expenditures by more than $90 billion, enabling the Government "to balance the federal budget, make an initial $5 billion payment on the national debt and cut...

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