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Pastimes : Let's Talk About Our Feelings!!!
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To: Father Terrence who wrote (50998)8/12/1999 11:08:00 PM
From: Sidney Reilly  Read Replies (1) of 108807
 
Each year it was a political football what increases would be made in social spending. Reagan let a bill go through that made the cost of living increases automatic each year figured by a formulas based on the interest rates and inflation. Both parties thought this would be good for them, not having to wrangle every year over it. It proved to be a disaster as social spending ballooned out of control because of the automatic increases. Reagan went along with it and signed it into law!
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