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" America has thrown itself a party and billed the tab to the future. The costs, which are only beginning to come due, will include a lower standard of living for individual Americans and reduced American influence and importance in world affairs. "
Mountains of Debt: Crisis and Change in Renaissance Florence, Victorian ... - Page 167
by Michael Veseth - 1990 - 256 pages
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Nominations of Susan M. Phillips, Paul G. Wonnacott, and David F ..., Volume 4

United States, United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - Government publications - 1992 - 188 pages
...Consequences of America's Economic Policy Under Reagan. He stated in that book that since 1980 we have lived well. "by running up our debt and selling off our...reduced American influence and importance in world affairs...in short our prosperity in the 1980's was a false one, built on borrowing from the future."...
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Nominations of Susan M. Phillips, Paul G. Wonnacott, and David F ..., Volume 4

United States, United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - Government publications - 1992 - 188 pages
.... Both of these large deficits were undesirable. However, I would not agree with the statement that "America has thrown itself a party and billed the tab to the future." This statement implies to me that we have been spending more than our incomes, and dissaving on a net...
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Eco-pragmatism: Making Sensible Environmental Decisions in an Uncertain World

Daniel A. Farber, Henry J Fletcher Professor of Law and Associate Dean for Research Daniel A Farber - Law - 1999 - 210 pages
...limit private borrowing or because political problems create an incentive for government deficits. 23. '"We are living well by running up our debt and selling...American influence and importance in world affairs.'" Yellen, supra note 22, at 17 (quoting economist Benjamin Friedman); see B. Douglas Bernheim, "A Neoclassical...
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The Seventies: The Great Shift in American culture, Society, and Politics

Bruce J. Schulman - History - 2001 - 352 pages
...less severe. Since 1980, according to one prominent economist, the United States pursued an economic policy "that amounts to living not just in, but for,...American influence and importance in world affairs." Reagan, it seemed, had replaced the tax-and-spend policies of his liberal opponents with a reckless...
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