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Stockman’s dire prediction

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Posted on November 15, 2010 |
By Angelo S. Lynn



David Stockman, the boy-wonder budget director in the first Reagan administration and the brains behind the supply-side economics in 1981, is making waves within the Republican Party by adamantly proclaiming that the Bush tax cuts should not be extended — not for the rich and not for the middle class. He’s also suggesting cuts in the military. Those two recommendations are direct opposites of the policies he championed during Reagan’s first term.

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