Theowl32
Diamond Member
- Dec 8, 2013
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So were taxes higher or lower when Reagan left office?Were taxes higher or lower when he left office?Debt grew by $2.27 trillion under Reagan. Defense spending in constant dollars was $378 billion in 1979. By the end of 1988, it had risen to $532 billion. Accumulated increased defense spending under Reagan was $867 billion, accounting for 38% of the total debt build-up under Reagan.
Had defense spending been held constant, accumulated debt under Reagan would have risen by $1.41 trillion or 68%, still the highest since WWII.
Defense Spending Since WWII United States 1975-1990 - Federal State Local Data
Hope that helps.
Don't forget that Reagan also cut taxes while escalating the cost of the Cold War, which is fiscal insanity.
Darn, that's two.
Social Security sure wasn't......
And cutting taxes is easy.....making your nut is a bit more of a challenge.....and Reagan failed miserably....
Your point being?
They were lower....outlays, in nominal terms had nearly doubled......Gross debt nearly tripled.....As Greenspan points out, Reagan had "spent forward"...
Once again, your point being?
What was the fucking money SPENT ON, you fucking stubborn piece of shit?
WHAT THE FUCK WAS THE MONEY SPENT ON!?!?!!
You have any fucking clue what the home interest rates reached under Carter's pathetic liberal policies?
You have any clue the damage the "Communist reinvestment Act of 1977" did to this country. Look it up tool. You fucking morons simply blame Booooosh and you expect me to just listen to Andrea Mitchell's husband?
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.[1][2][3] Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.[4][5]
The Act instructs the appropriate federal financial supervisory agencies to encourage regulated financial institutions to help meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation (Section 802.) To enforce the statute, federal regulatory agencies examine banking institutions for CRA compliance, and take this information into consideration when approving applications for new bank branches or formergers or acquisitions
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Something I am sure you never read about or heard about from BSNBC did you? Did Andrea Mitchell ever report the effects it had on our economy. Oh, in case you did not know and seemingly do not care, the home interest rates reached as high as 22%.
TWENTY TWO FUCKING PERCENT!
Oh, and here is another little fact you do not know about. Your socialist liar in chief......
President Barack Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices.
As few as 19 of those 186 clients still own homes with clean credit ratings, following a decade in which Obama and other progressives pushed banks to provide mortgages to poor African Americans.
^^^^Read the bold faced. Ever hear about that? No?
Here is the previously unpublished report.
Chicago Buycks Lawsuit Plaintiffs
You know nothing about what was going on in the country. You spew out half baked shit and you omit signficant factors. You either do that deliberately or you are ignorant about all of the facts. Either way, you push marxist propaganda, cause that is all you are exposed to.
If you do it deliberately, then you are a pathetic traitor worthy of a cruel death. If you are simply fucking ignorant, then you are no longer ignorant, since I am informing you. Rabbi has already done a great job.
You ignoring the facts does not go unnoticed.