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Reagan budget chief slams GOP on taxes

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Stockman continued, "In that 30 years, the deficit has gone up 14 times, but our economy is only four times larger. We're losing the race, and we're now becoming the banana republic [of] finance, printing -- the Fed, these mad men who are out of control at the Fed are printing new money equal to 100 percent of the debt that we're issuing each month. This will not end well. It's going to end in a disaster."

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