Did you bitch during Reagan when it was raised a 18 times?
Of course not
Reagan economy's had real GDP growth and real job increases
So, they knew what they were doing
Besides
The amount under GOP administrations has been smaller on average than increases that occurred during the tenure of Democratic presidents.
Under Reagan we went from a creditor nation to a hugely indebted nation.
Study what happened to household debt starting in 1980.
When you couple the Reagan boom years with his deficit spending and post 1982 tax increases he looks like a Democrat.
Why do you think we all started receiving 3 credit cards a week starting in the 80s.
The economy transitioned from wage based consumption to debt based consumption.
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Starting with Reagan the USA went on a 30 years borrowing binge that ended with the insolvency of the middle class. We, as a nation, borrowed the money that was supposed to trickle down into better jobs and more competitive pricing. Who knew that the jobs would trickle to China and most of our large sectors would be handed to anti-competitive monopolies.
With the rise of Reagan we saw an era of mega-mergers where companies would buy eachother rather than compete.
Trickle down economics has been roundly disputed as a ploy for the upward transfer of wealth.
America swallowed poison in 1980.
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