The Good Old Days
I was perusing some old articles that I am organizing and came across the following statement in an analysis of a Clinton Tax Memo from October, 1994 (no link, sorry): "Recently leaked budget documents, prepared for the President by his top budget aide...reveal that last year's record tax increase was a complete failure in curbing future deficits. The Administration now admits that the budget deficit will climb in eight out of the next ten years, rising to almost $300 billion after the end of the decade."
Ah, to go back to the days when $300 billion seemed to be an outrageous amount of money for the government to spend...
10:47 AM / February 18, 2011
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