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Economy / Budget / Commentary #275002

CBS Evening News for Wednesday, Dec 23, 1981
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(Studio) Report introduced
REPORTER: Dan Rather

(Studio) Fact that budget facing biggest deficit in history noted. President Reagan's past explanations recalled; films shown of Carter debate and inauguration. [REAGAN - gives cause of inflation.] Admin.'s plan listed on screen. [REAGAN - defends policies to Congress] Admin. cuts and increases in defense spending listed on screen. Effect on Wall Street noted; films shown. [E.F. Hutton spokesperson Edward YARDENI - explains effect of plan on economy] Results detailed on screen. Possible courses of action detailed on screen. [YARDENI - calls Reaganomics house of cards.] Lack of solution presented by Democrats noted.
REPORTER: Bill Moyers

Reporter(s):
Moyers, Bill;
Rather, Dan
Duration:
00:05:00

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