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From a 1976 speech by [Ronald Reagan], who complained of "strapping young bucks" using public assistance to buy T-Bone steaks, the phrase is shorthand for "undeserving and lazy black people living off hardworking white taxpayers instead of [getting a job]." Many commentators have noted that the phrase originated from the auction block. Now used ironically by liberal commentators to identify racist dog-whistles in [conservative] argument.
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