Three decades have passed since the last serious American inflation was vanquished by Ronald Reagan and Paul Volcker.
FORBES: Is President Obama's Depression Coming Our Way?
Over the past three decades Congress not only has never passed any legislation to regulate climate change, but has specifically rejected legislation to give EPA the authority which it now claims.
FORBES: A Pivotal Court Challenge: America vs. the EPA
They also said it would be a break from more than two decades of precedent, which saw three dozen disaster-aid bills passed without offsets.
WSJ: Senate Clears $50.5 Billion Sandy Aid Bill
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