Instead, the deficit began to decline in Reagan's second term, and it now stands at a paltry $34 billion for 1997, rendering foolish the critics, including Reagan's budget director, David Stockman, who warned of "$200 billion deficits as far as the eye can see".
With its 30% rake, Apple has made what many consider a massive strategic miscalculation with competitors, consumers and critics alike a "foolish act of hubris," venture capitalist Bill Gurley called it.
Pfiesteria's toxin has recently been isolated, her supporters say, and her critics will look foolish when the toxin's chemical structure is announced this October.
Her concerts conjure up scenes from another place and time: grown men running down the aisles clutching bouquets, world-renowned musicians pummelling the railings of the upper boxes, jaded critics breaking into foolish smiles.
Qatar's World Cup organisers said its bid committee "strictly adhered to Fifa's bidding regulations in compliance with their code of ethics" while Mr Warner has accused critics of a "foolish witch hunt" against the World Cup 2022 venue.
His first feature, "One Glorious Night," was savaged by the critics for its foolish script and poor direction (by an ailing Lionel Barrymore).
But memory is a vital tool for critics, and it is foolish to pretend you are experiencing everything for the first time.
In 1960 Leigh recalled her ambivalence towards her first experience of critical acclaim and sudden fame, commenting, "some critics saw fit to be as foolish as to say that I was a great actress.
The critics contend that it was foolish to weaken the pollution lawsuits without extracting anything in return.
But the history of lie-detection machines suggests that it would be equally foolish to assume that a few scholarly critics can forestall the adoption of such a seductive new technology.
