Clash over Obama 's budget centers on America 's future , and past . Reagan aides say Obama forgets lessons of Reaganomics . Author says Reagan raised taxes and increased size of government . Under Obama , the well-off would be `` brought back down through higher taxes and subsidizing benefits for people who have not worked as hard . '' Economist says Reagan cut spending to balance the books.
Clash over Obama 's budget centers on America 's future , and past . Reagan aides say Obama forgets lessons of Reaganomics . Author says Reagan raised taxes and increased size of government . Economist says Reagan cut spending to balance the books.