Step in the Right Direction

Reagan and the G.O.P. agree, sort of, on shaving the deficit

Ronald Reagan, the archconservative, surely never imagined that as President he would wind up raising taxes and cutting the Pentagon budget. But he also never figured that his Administration would double the national debt in one term. Reducing the nearly $200 billion deficits has become urgent and politically unavoidable: last week the President finally agreed with his party's Senate leaders to slow the defense buildup and endorse a few modest tax increases. "For months the Administration has stonewalled on the budget," said...

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