The last chart was of the budget deficit, and here there was not progress but regress. ... I was observing his admonitions: (a) no new taxes, (b) no tampering with Social Security, and (c) a 3 percent real increase for defense. ... 1987 based on an extrapolation of current receipts and current spending, we had to cut about $50 billion from the current services ... reasons: first, because there would be less debt to service and, second, because there would be a slight reduction in interest ratesanbsp;...
|Title||:||Fix the U.S. Budget!: Urgings of an "Abominable No-Man"|
|Publisher||:||Hoover Press -|