The Democrats unveil an alternate plan for the economy
In its opening rounds, the Great Budget Battle of 1981 looked like a shadowboxing exhibition in which the Reagan Administration easily prevailed over little more than token opposition. But last week it suddenly seemed to become more of a slugfest, with the outcome in some doubt. The President's program of draconian cuts in spending and taxes came under increasing attack in both houses of Congress, and from both right and left.
In the Republican-controlled Senate, the plan met an unexpected setback. Two weeks ago the...
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