Many of us living today have experienced two distinct periods in American history: The FDR/New Deal era from 1940 to 1980 was characterized by expansive government that created jobs for the depression era unemployed, and devised the social safety net; the Reagan era that followed was characterized by smaller government and “Reaganomics,” which supposed prosperity would “trickle-down” when the tax burden on corporations and the rich was reduced.
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A Republic If You Can Keep It
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Many of us living today have experienced two distinct periods in American history: The FDR/New Deal era from 1940 to 1980 was characterized by expansive government that created jobs for the depression era unemployed, and devised the social safety net; the Reagan era that followed was characterized by smaller government and “Reaganomics,” which supposed prosperity would “trickle-down” when the tax burden on corporations and the rich was reduced.