Reagan's End-Game

It feels as if Americans have been having the same argument for the entire time I've lived here. Very broadly speaking, one side wants to cut taxes to reward work and starve the beast of government; the other is too afraid to raise taxes but won't cut spending either. The Bush era combined the worst instincts of both: Bush cut taxes and spent us into a debt that made climbing out of this recession close to fiscally impossible without serious risk of default. Somehow, Obama has managed to...