On the eve of Ronald Reagan's election, we have here one of his advisors to

discuss--as he does with his usual incisiveness--the economic picture, domestic and international, and the way government policies affect it. WES: "Balancing the budget is a buzz word. Everybody wants to balance the budget, and even some politicians would love to balance the budget, but they'd like to balance the budget perhaps at a trillion dollars or two trillion dollars in spending. I don't. I want to see spending limited, and the increase in spending limited to the real growth of the economy." ... "What is the tax burden? The tax burden is the total spending by government, because it's either going to come out as direct taxes on all of us, or it's going to come out through inflation, which is the most insidious tax of all."