Nation: Conservative Conservatism

Reagan's economic package is toned down to add up

George Bush once accused him of practicing "voodoo economics." John Anderson scoffed that he was working "with mirrors." Jimmy Carter derisively charged that his schemes would so deplete the Treasury that the Government could not afford to keep even "the night watchman at the Lincoln Memorial." Through it all, Ronald Reagan fed the doubts by refusing to spell out what kind of economic program he had in mind beyond his seemingly impossible promise to lower taxes, increase military spending and balance the budget. Last...

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