President Calvin Coolidge isn’t typically remembered as one of the great American presidents, but as Congress moves to consider the president’s budget released Wednesday, biographer Amity Shlaes makes the case that Washington could learn a thing or two from the 30th president.
“When he left office, the federal budget was lower than when he came in real terms, nominal, with vanilla on top,” Shlaes says of the former president, pointing to this as his great legacy.
“He actually cut the budget."
In her new biography Coolidge, Shlaes lays out how that the former president led a successful battle to rein in the government and cut taxes.
"The big drama of his life was holding the government back, and he did that when he was president by vetoing and by cutting taxes and it wasn't an easy campaign,” Shlaes tells Top Line.
Coolidge is more commonly remembered as “silent Cal” rather than an “economic general,” as Shlaes characterizes him. But Shlaes asserts that his silence was aRead More »from What Washington could learn from President Calvin Coolidge