More Evidence of The Gipper’s Prescience

by Steven F. Hayward

I recently ran across a prediction Gov. Reagan made in 1973 whilst campaigning for Prop. 1, his tax and spending limit proposal: “Unless something is done to curb the government’s unlimited power to tax and spend, this year’s $9.3 billion budget will grow to a staggering $47 billion by 1989.” Prop. 1 unfortunately lost–too far ahead of its time. And the 1989 California budget? $48 billion. The Gipper was a shade too optimistic.

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