1981: The prime interest rate is at 21.5% and President Reagan ask for $13 billion in government spending cuts. The biggest victims of these cuts are social welfare programs.
Today: The prime interest rate is 7.5% and the federal budget is as close to being balanced as it has been at any time in the last thirty years. Despite the relative prosperity, social programs are still in danger of being terminated. Many conservative politicians want to do away entirely with the funding of arts programs and many forms of social welfare.
1981: AIDS cases are beginning to be reported. Doctors in New York and in San Francisco are seeing an increasing number of new cases of this especially deadly disease which attacks the immune system, rendering the victim unable to fight off even.....
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