The Reagan presidency was styled as a turning point in American politics: the end of the New Deal and the beginning of an era in which the government… - David Meyer Wessel
" "The Reagan presidency was styled as a turning point in American politics: the end of the New Deal and the beginning of an era in which the government would retreat from the economy. Ronald Reagan made three significant fiscal promises during his campaign for president: cut taxes, rebuild the nation’s defenses, and balance the budget. He delivered on the first two, but not on the third.
About David Meyer Wessel
David Meyer Wessel (born February 21, 1954) is an American journalist and writer. He has shared two Pulitzer Prizes for journalism. He is director of the Hutchins Center on Fiscal & Monetary Policy at the Brookings Institution and a contributing correspondent to The Wall Street Journal, where he worked for 30 years.
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Additional quotes by David Meyer Wessel
From the mid-1930s to the 1970s, the government made a set of commitments that led to expectations on the part of the American people about what their government owes them," says Robert Reischauer, a former director of the Congressional Budget Office. "And they are totally unprepared to go back to a different world.
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