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Higher Taxes, Smaller Government?

DagNabbit Wrote: Dec 02, 2012 10:48 AM
After Reagan's first year in office, the annual deficit was 2.6% of gross domestic product. But it hit a high of 6% in 1983, stayed in the 5% range for the next three years, and fell to 3.1% by 1988. (By comparison, this year it's projected to be 9% but is expected to drop considerably thereafter.)
It comes as no surprise to hear anti-tax activist Grover Norquist talk about tax cuts, but it does come as a surprise to hear him raise the subject of pink unicorns.

Pink unicorns are purely imaginary -- a trait he says they share with the spending curbs that Republicans hope to get from the administration in exchange for a tax increase. Norquist says Democrats only want to enlarge the government and his GOP allies would be naive to make any deals with them.

History, he says, vindicates him. Congressional Democrats, he told National Public Radio, "cheated Reagan, OK, and they said we'll cut...