flashback to 1983

"War costs, but it is unclear who will pick up the tab. George Bush is not financing this campaign through taxation. Instead the president is cutting taxes - sending a welfare cheque to the wealthy - and raising military spending. The slowdown in the American economy has seen many states, who have to balance their budgets, cut back on social spending. The White House made it clear that there would be no federal bail out for these programmes. The president is reheating Reaganomics - cutting back on welfare, overcompensating with defence spending and offering big tax cuts to the rich at the expense of the poor." Randeep Ramesh, from the guardian