You know the rest of the story. The deficit, which stood at $74 billion in Carter's final year, ballooned to $155 billion in Reagan's final year. In the words of Vice President Dick Cheney, "Reagan taught us deficits don't matter."
Today, what does it mean to be a Republican? It means you can cut taxes indiscriminately and needn't worry about the debt you're piling up. It certainly doesn't mean that you want to shrink the federal government. Indeed, government spending under George W. Bush has increased faster than it did under Bill Clinton. Before Reagan, pandering was principally a Democratic vice. Today, it's principally a Republican vice. Ronald Reagan performed that transformation, and it remains his most enduring legacy.
TODAY IN SLATE
The Most Terrifying Thing About Ebola
The disease threatens humanity by preying on humanity.
I Bought the Huge iPhone. I’m Already Thinking of Returning It.
Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.
Students Aren’t Going to College Football Games as Much Anymore
And schools are getting worried.
Global Marches Demand Action on Climate Change
- Protesters Take to the Streets to Sound Alarm on Climate Change in New York, Across the World
- Knife-Carrying White House Jumper is Vet who Feared “Atmosphere Was Collapsing”
- North Korea: American Sentenced to Hard Labor Wanted to Become “Second Snowden”
- Almost One in Four Americans Support Idea of Splitting From the Union
Blacks Don’t Have a Corporal Punishment Problem
Americans do. But when blacks exhibit the same behaviors as others, it becomes part of a greater black pathology.