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be for the Democrats when they start complaining about the size of the fed eral deficit. That's like WC. Fields leading a temperance parade. Theirs after all is the party that invented deficit spending Nevertheless, one makes do with what is available, so nowadays people who never used to show the slightest interest in such statistics are bewail ing the vast deficit that Reagan has run up. Federal deficits are the result of an imbalance between revenues and ex penditures. As to revenues, not only must Congress approve all revenue raising measures, but under the Con stitution these must all originate in the House of Representatives which has been under Democratic control from Day 1 of the “Reagan revolution.” Similarly, all expendi tures must be authorized by Congress, the president cannot spend one feder al nickel on his own. Who, then, is “re sponsible for the deficit”? To be sure, Mr. Reagan called for a big reduction in taxes and got it. But would revenues have been larger if taxes had remained high or gone high er? Experience suggests the exact opposite.
Newspaper Details
Key West Citizen
Key West, Florida, US
Wed, May 18, 1988
Page 22
Full Page
Clipped by
Roger M.
USA 01 Jul 2026
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