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IPFS News Link • Economy - Economics USA

Obama’s Budget Plan Sweeps Away Reagan Ideas

• NY Times
The budget that President Obama proposed on Thursday is nothing less than an attempt to end a three-decade era of economic policy dominated by the ideas of Ronald Reagan and his supporters.

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Comment by Found Zero
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Alas poor Yorrick?

The GOP is sharing Reagan's ultimate legacy of fiscal liberalism, social conservativism and a militarist foreign policy of empire. I don't mourn the passage of this iconography at all.

This indication from Obama about a more populist distribution of taxes is a smart move for a statist at this time. One might say astute. But then man's word isn't proving to be worth much anyways.

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