The Results Are in on the 1990 Budget Agreement

Publication Date: July 1991

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Daniel J. Mitchell

Research Area: Economics

Keywords: Budget

Type: Report

Abstract:

While politicians pat themselves on the back for making “tough” choices that, in retrospect, were not tough at all, ordinary Americans must raise their families with less income. While George Bush’s 1988 opponents praise him for “courageously” breaking his no tax increase promise, lower- and middleincome workers struggle to keep their jobs. While government bureaucrats dream up more ways to spend the new money their programs have received, Americans in the productive sector of the economy must deal with high unemployment and the myriad problems brought on by recession.