Deficits, Republicans, and the Inevitable Great Default

Written by Gary North on June 5, 2012

When Reagan accepted $200 billion-a-year deficits, beginning in fiscal 1983, he ended Republican opposition to big spending and huge deficits. Today, Republican Congressmen occasionally talk tough on spending, but then they vote for programs that guarantee a huge, never-ending federal deficit. They know that hardly anyone back in the district will track their votes. They […]

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