The Best of Notable Quotables; December 24, 1990

Vol. Three; No. 26

Kevin Phillips Tax Fairness Award

"[C]ountless liberal analysts over the last five years have documented time and again how Reaganomics delivered a feast to the greedheads and starvation to the poor....[The Gilded Age and The Roaring Twenties] were marked by the same kinds of excesses as the 1980s -- gross concentrations of wealth in the hands of a tiny privileged elite, achieved primarily by deliberate Republican policies that left most Americans behind while debt, greed, and conspicuous consumption soared out of control."

-- Robert Rankin, national economics correspondent for Knight-Ridder Newspapers, in the July 22 Philadelphia Inquirer.


"For ten years Ronald Reagan taught us there was a free lunch. Folks, he said, we’re going to cut your taxes and we’re going to spend like there’s no tomorrow and you don’t have to pay for it. Folks, we’re now paying for it and it’s bitter medicine....we’re going to have to raise taxes to get some sort of fairness here....For ten years the great wizard sold us that idea, that we could grow our way out of the deficits and we bought it, and we didn’t."

-- Sam Donaldson on This Week with David Brinkley, October 7.
"The tax package hammered out last weekend continues a Washington policy established in the Reagan era: It takes a heavy bite out of the paychecks of working-class Americans."

-- Beginning of front page story by Boston Globe reporter Charles Stein, October 2.