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President reagan, shortly after he was inaugurated in 1981. >> over the past decades, we've talked of curtailing government spending, so that we can then lower the tax burden. sometimes wave even taken a run at doing that. but there were always those who told us taxes couldn't be cut until spending was reduced. you know, we can lecture our children about extravagance until we run out of voice and breath. or we can cure their extravagance by simply reducing their allowance. >> simply reducing their allowance. so in the 28 years between the eisenhower inauguration and reagan inauguration, republ...

President reagan, shortly after he was inaugurated in 1981. >> over the past decades, we've talked of curtailing government spending, so that we can then lower the tax burden. sometimes wave even taken a run at doing that. but there were always those who told us taxes couldn't be cut until spending was reduced. you know, we can lecture our children about extravagance until we run out of voice and breath. or we can cure their extravagance by simply reducing their allowance. >> simply reducing their allowance. so in the 28 years between the eisenhower inauguration and reagan inauguration, republ...

President reagan, shortly after he was inaugurated in 1981. >> over the past decades, we've talked of curtailing government spending, so that we can then lower the tax burden. sometimes wave even taken a run at doing that. but there were always those who told us taxes couldn't be cut until spending was reduced. you know, we can lecture our children about extravagance until we run out of voice and breath. or we can cure their extravagance by simply reducing their allowance. >> simply reducing their allowance. so in the 28 years between the eisenhower inauguration and reagan inauguration, republ...