How a fiscal impasse, in 1990, was broken
Back when leaders led, followers followed and the news media made less noise, the commanding figures of American government retreated to Andrews Air Force Base to forge a bipartisan budget compromise.
That 11-day summit meeting failed — despite the threat of deep automatic spending cuts, and despite the top Republican’s acknowledgment that taxes had to go up.
A smaller group of negotiators later struck a deal inside the Capitol. That failed, too — defeated on the House floor by a coalition of liberal and conservative rebels.
History now recalls those events in the fall of 1990, and the agreement Congress eventually enacted, as the opening chapter of Washington’s long, successful climb out of the deficit hole of the 1980s. And they offer a perspective on the current stalemate between a White House and a Congress struggling to repeat that achievement....
comments powered by Disqus
- Kitty Genovese Killing Is Retold in the Film ‘37’
- Lithuania wants to erase its ugly history of Nazi collaboration
- Huckabee: Iran nuclear deal will march Israelis ‘to the door of the oven’
- Connecticut Democrats drop Thomas Jefferson and Andrew Jackson names from annual fundraising dinner
- AP releases a million minutes of filmed history to YouTube
- Historian Howard Segal says the cost of paying for expensive commencement speeches is diverting funds from where they’re most needed
- Historian Shelly Cline researches female Nazi guards
- Owen Chadwick, Eminent Historian of Christianity, Dies at 99
- Members of the University of South Florida’s history department are finding new ways to get their jobs done after budget cuts
- Testing the U.S.-Israel Bond