Answer:
The N.Y. Times in the 90´s: ´The country is suffering a hangover from the mergers, rampant speculation, overbuilding, heavy borrowing and irresponsable government fiscal policy in the 80´s.¨
Step-by-step explanation:
As Reagan makes clear in his speech his focus was on reducing government costs on one side and tax reductions on the other. The tax reductions sirved only the wealthy part of the nation.
Reducing costs had of course a tremendous social impact. But also in some cases it worked contraproductive: as the leaks in the Chicago underground tunnels were not fixed (estimated costs $ 10.000) in the 80´s ,due to the saving obsession of the government, the net effect was that in the 90´s the costs of repairing them rose to almost a billion.