The same thing was said by the Office of Management and Budget director under President Reagan. His name was David Stockman, and he admitted publicly--and I believe wrote in a book--that it was a sham all the way through. In fact, he used the words that all of this period the Senator has just alluded to was 'fiscal carnage.' And he admitted that it was a Republican fiscal carnage.
Discussing fiscal policy and historical remarks by David Stockman during Senate debate.
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