In his budget, Reagan tries to make the deficit a post-election issue
"The threat of indefinitely prolonged high budget deficits . . . raises the specter of sharply higher interest rates, choked-off investment, renewed recession and rising unemployment."
Ronald Reagan in his budget message
The most dyspeptically partisan Democrat could hardly have put the warning more bluntly. But Congress and the nation searched in vain through the budget message for fiscal 1985 for any reply to the obvious next question: What does the President propose to do to ward off the dangers he so...
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