On the recordDecember 12, 1986
Yes, this year, for the first time in two decades, the Federal Government will spend less, after taking out inflation, than it did last year.
Source
presidency.ucsb.eduYes, this year, for the first time in two decades, the Federal Government will spend less, after taking out inflation, than it did last year.
Radio Address to the Nation on Economic Growth and Budget Reform
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