A clearer view of 2011 can be gained by looking back at 1982. In October 1982, the national unemployment rate was 10.4 percent. Businesses across the country, including a bunch in Iola, were taking bankruptcy. Interest rates were coming down from historic highs, but were still in the 14 percent range. The federal deficit was high, so high that Sen. Bob Dole of Kansas and President Ronald Reagan, the idol of conservatives here and abroad, combined forces to pass a huge tax increase.
You read that right, the two most powerful conservatives in the U.S. worked together to raise taxes…
Budget solutions await a return to yesterday’s logic
