Redfish
Diamond Member
- Thread starter
- #41
It is when the GOP was in power that debt started to grow without reason.
Reagan taught us that deficits dont matter. - Dick Cheney
The dems controlled congress during the Reagan years. Congress is the one that write the budgets.
Did Reagan go along unwillingly?
Back in 1981 David Stockman was the wonderkid of the Reagan administrationthe director of the Office of Management and Budget whod craft in actual budgets the trickle-down miracle Reagan had promised on the campaign trail: lower budgets, lower spending, higher tax revenue. But trickle-down economics was a wish, not a reality. Its never worked. Lower taxes dont generate more revenue. They generate deficits.
Reagan knew it. So did Stockman. So did their guru, Friederich von Hayek. The deficits were intentional all along. They were edsigned to starve the beast, meaning intentionally cut revenue as a way of pressuring Congress to cut the New Deal programs Reagan wanted to demolish. The plan, Stockman told Sen. Daniel Patrick Moynihan at the time, was to have a strategic deficit that would give you an argument for cutting back the programs that werent desired. It got out of hand.
David Stockman: How Nixon, Reagan, the Bushes and their GOP Demolished the Economy - David Stockman on Deficit Spending | FlaglerLive - Your News Service for Flagler County News Palm Coast News Bunnell Flagler Beach Beverly Beach and Marineland
what is it with you libs? you try to defend obama's failed policies by saying Reagan did the same thing, or Bush started it.
So what? Its the wrong way to manage the country's finances. Obama has taken the worst policies of previous presidents and multiplied them many times over.
Why is it so hard for you to admit that obama has screwed things up in the last 4 years?
Are you so mesmerized by the glow from his face that you are powerless to say anything negative about him?
or is it that defective liberal gene that blocks logic from being processed in your brain?