How To Restore Fiscal Sanity: Lessons From The Eisenhower Years, Part 1

Upon taking office in 1953, President Eisenhower inherited a Korean War swollen budget that badly needed fiscal repair. In today’s dollars of purchasing power (FY 2023 $), spending totaled $947 billion and weighed in a nearly 20% of GDP. At that point, revenues of $865 billion (FY 2023 $) were also on the high-side by […]
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