Reagan tripled the national debt. Obama has added 20%. Both are terrible, but you seem to think 300% is less than 20%. I do agree with you - if Obama were to triple the national debt, the economy would improve.
I hold myself and others to such low moral standards that it's almost impossible for me to be a hypocrite.
As I just pointed out in another post Reagan purposed smaller budgets seven out of eight times. So tell me who put forth the larger budgets.... So you are okay with our debt growing and letting the next generation pay for it. Nice to know fiscal prudence is not part of your beliefs
And as I posted earlier, Reagan's own budget director has stated Reagan's budgets would have cost more than his "rosy scenario" predicted. More than the budgets actually passed.
That is an opinion after the fact. It was not a problem while he was the budget director. Sometime people like to rewrite history for personal reasons. Again I am sticking to the facts and not hearsay after the fact. Reagan grew the economy and improved the pain index greatly. But keep trying to change history there Tom
You know what Reagan create jobs and the economy flourished unlike our economy now. That's all that matters.
I accept your surrender. If Reagan didn't get the budgets he wanted, and the Democrats DID ... Why does Reagan get credit for anything?
Oversimplify? That's quite the kettle/pot statement there. You do realize that the tax rates are lower now than under Reagan? So we can eliminate tax code as the ultimate fix for an ailing economy. A strong economy comes from strong economic activity, specifically consumer spending. Like an army of ants taking down a larger prey. More $ to the middle class and poor >>> more $ to the very rich. Of course a stable and predictable federal budget and tax structure is also important. If really doesn't matter what is so much as it avoids wild swings in either direction that undermine consumer confidence. The third problem is the deficit. It can't continue to grow for much longer. An improving economy will help some. The facts of the are that for 30 years we have cut discretionary spending as far as the political will of the nation will allow. We have added a long term expediture in Medicare D, frivolously spend on wars and tax expenditures. It is time to pull back, starting with those last two items. We will also have to address health care costs. That is the only way we can restore growth. Btw, if you really want to simplify the reason for growth in the Reagan years it was the major influx of women in the workplace and the rise of dual income households, which unfortunately are now all but mandatory for most in the middle class. Sent from my MB860 using Tapatalk
I don't think you know what the argument was. Your point: why does Reagan deserve credit for anything? My Point: Reagan lowered Taxes from Carter. What does Obama have to do with that point?
That's another reason not to vote for him. It's easy to have low tax rates when you are running a 54% deficit That's right, we'd need to increase taxes 54% across the board to balance the Federal budget. 2011-12 Total revenue $2.627 trillion (requested) $2.469 trillion (enacted) Total expenditures$3.729 trillion (requested) $3.796 trillion (enacted) Deficit$1.101 trillion (requested) $1.327 trillion (enacted)
