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Well it's not like they are equalizing at all. The bottom folks, middle folks, and top folks all see a reduction in percentage.
And the biggest difference is that Reagan started out with a country in a modest deficit, and grew that to humongous. Now Bush is starting with a small surplus, and might grow that to a modest deficit. We'll see.
I think he'll get the benefit of an age when a combination of economic growth and the end of the old welfare system put a big dent in the era of entitlement. The social budget will shift from the feds to the states and local communities, as people care less and less about national issues and more and more about children and schools.
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