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.

English
Collect this quote

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.

Also Known As

Alternative Names: David Wessel
Go Premium

Support Quotewise while enjoying an ad-free experience and premium features.

View Plans

Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.

Additional quotes by David Meyer Wessel

The 1980s broke a pattern in which the federal government ran big deficits only in wartime. The deficit topped $200 billion a year from 1983 through 1992. They would have been even bigger if Reagan hadn’t flinched on taxes, accepting significant tax increases in 1982 and 1984.

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.

Limited Time Offer

Premium members can get their quote collection automatically imported into their Quotewise collections.

Loading...