There We Go Again,: ; America May Face Same Reaganomics Choices

Summary

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WASHINGTON - President Bush learned a lot of economics from the man he eulogized at a state funeral in Washington on June 11: former President Reagan.

Reagan slashed taxes and boosted spending mightily when he came to office in 1981. Bush did the same thing, and, like Reagan, has begun to generate huge budget deficits.

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There We Go Again,: ; America May Face Same Reaganomics Choices

Reagan poured money into defense to defeat the Soviets. Bush has done it to defeat terrorism. And while Reagan partially offset his military increases with cuts in other areas, spending has shot up across the board under Bush's watch. And there's more to come with new Medicare...

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