Reagan accepted one of those "compromises" that the left offers and then reneges on...
The last sane economic policy we've had was under Eisenhower, and almost we had one with the split power under Clinton... almost. Unfortunately budgeted surpluses that never actually appear and when we borrow money to pay the interest on the debt, it isn't sane. We almost got there once in my lifetime, and almost had a balanced budget amendment to ratify... one vote short. I can only hope we find a place where we can get there. This insane trillions of extra spending has to end. This isn't WWII, we shouldn't be spending like it is.