Firing Line has a history of finding guests who can discuss economics in plain English, and this installment is no exception. The question before the house: Is President Clinton right in claiming credit for the current recovery? Or is he simply collecting the legacy of Reaganomics? Mostly the latter, say our guests. Mr. Rubenstein explains how lowering the top tax rate brought money out of shelters into productive use; Mr. Kudlow explains the importance of the huge increase in real net worth among all income categories. But the Reagan years weren't perfect: as Mr. Kudlow points out, the 1986 so-called Deficit Reduction Act was the source of the stalled economy during the Bush years. "The other thing I wish the President had erased was signing on to the 1983 Social Security fix ... because this launched another serious of punitive payroll tax increases which has done a lot to hurt middle-class families, it's done a lot to hurt small businesses, and it's been a big discouragement for jobs."