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...second prevailing myth of the Reagan Administration, quietly peddled by budget director David Stockman, went like this: O.K., supply-side economics is a phony, but we can use the growth of budget deficits as an argument for limiting the growth of government. That didn't work out so well either. The public demanded its entitlement programs - deficits be damned - and a strong defense, and loved having politicians who secured funding for a Yo-Yo Hall of Fame in their district. Deficits grew until the combined actions of George H.W. Bush and Bill Clinton caused the deficits to stop growing...

Author: /time Magazine | Title: Health Care: Do the Right Thing on Taxes | 10/29/2009 | See Source »

...care, without regard to cost. For millions of working Americans, this diagnosis would mean liquidation of life savings, bake sales and coin jars at the local convenience store. Why can't Congress create a comprehensive health-care plan that treats us taxpayers as generously as they treat themselves? David Stockman, Billings, Mont...

Author: /time Magazine | Title: Inbox | 6/12/2008 | See Source »

...care without regard to cost. For millions of working Americans, this diagnosis would mean liquidation of life savings, bake sales and coin jars at the local convenience store. Why can't Congress create a comprehensive health-care plan that treats us taxpayers as generously as they treat themselves? David Stockman, BILLINGS, MONT...

Author: /time Magazine | Title: How Will China Respond? | 6/11/2008 | See Source »

...care, without regard to cost. For millions of working Americans, this diagnosis would mean liquidation of life savings, bake sales and coin jars at the local convenience store. Why can't Congress create a comprehensive health-care plan that treats us taxpayers as generously as they treat themselves? David Stockman, Billings, Montana...

Author: /time Magazine | Title: Inbox | 6/5/2008 | See Source »

...care, without regard to cost. For millions of working Americans, this diagnosis would mean liquidation of life savings, bake sales and coin jars at the local convenience store. Why can't Congress create a comprehensive health-care plan that treats us taxpayers as generously as they treat themselves? David Stockman, BILLINGS, MONT...

Author: /time Magazine | Title: Inbox | 6/5/2008 | See Source »

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