Rshermr
VIP Member
"So, his team decided they needed to increase taxes, and SPEND like CRAZY. Reagan TRIPLED THE NATIONAL DEBT, WHICH HAS NEVER BEEN DONE BY ANY PRESIDENT BEFORE OR AFTER. AND, HE SPENT MORE THAN ALL OF THE PRESIDENTS BEFORE HIM COMBINED."As I predicted, here is OS pontificating on this one. This is not going to end well for OS.Ouch!I am shocked. You have no source for your statement.
Guess what: Barack Obama has been a great president for job creation
Guess what: Barack Obama has been a great president for job creation
SO THERE YOU GO. A SOURCE TALKING ABOUT OBAMA JOB CREATION, AND AN ACTUAL LINK TO AN ACTUAL IMPARTIAL SOURCE. LOOK AND LEARN.
That really puts things into their proper perspective. Expect lying con tools to suffer convulsions over this one...
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Yup. And the reason Reagan is in the running is that after he created the second highest ue rate in the century, he was smart enough to increase taxes and use the revenue to spend, like crazy, from year three on. The result was what dems always have known. It stimulated the economy, and made him the third highest of the presidents for job gains.
Tends to make cons look bad, though. I can not wait to hear OS pontificate on this one.
Only the truly ignorant attempt to portray Ronald Reagan as a "tax and spend" President! ...despite the amusing attempts to paint him as a Keynesian Poster Child!
Funny. You call obama all sorts of names, blame him for every malady ever, and then suggest that I am being unfair to your hero, Reagan. Now, here is a problem. You are again lying. Lets consider:
Only the truly ignorant attempt to portray Ronald Reagan as a "tax and spend" President!
Please provide the location in any post I have ever made that called Reagan a tax and spend president. You are lying again, me boy.
Which of course is why YOU hold that idea as gospel!
Since I never said such a thing and since I do not believe it to be true, how did you get that impression?
Reagan was a net tax cutter
Yes, and did you think I disagreed with that? The net in his term was more cuts than increases. Increases were about 70% of his cuts.
despite the amusing attempts to paint him as a Keynesian Poster Child!
When did you think I tried to paint him as the above? Looks like you are having problems with reality again.
The facts are simple, me boy. Reagan initiated a huge tax cut in mid 1981. The result was the reduction of many projects in the private sector, though he spent hugely in the military (Public) sector, and initiated extreme job losses. By less than a year after the tax decreases, he was facing decreasing revenue, increasing debt, and an unemployment rate that was the highest in the US in the century, excepting that of the great republican depression of 1929. The ue rate went to 10.8%, and reagans popularity was suddenly just above that of a turd in a punch bowl. So, his team decided they needed to increase taxes, and SPEND like CRAZY. Reagan TRIPLED THE NATIONAL DEBT, WHICH HAS NEVER BEEN DONE BY ANY PRESIDENT BEFORE OR AFTER. AND, HE SPENT MORE THAN ALL OF THE PRESIDENTS BEFORE HIM COMBINED.
So, that is the TRUTH (look the word up). Plain and simple. But in the end, the spending helped and the economy soared.
The net was that the last 5 years were great, after the spending began. The first three years were in the toilet.
Sorry, but that is the absolute truth. Reagan tried Supply Side economics first, and it failed. He then reversed to more conventional Demand Side economics, and it worked. Smart moves.
Gee, Rshermr...if you increase taxes and spend like crazy...do you think you would fit the definition of a "tax and spend" President? Were those your words that I quoted? If you're not calling Reagan a tax and spend President then I don't know what you ARE doing!
Once again...your portrayal of what Reagan WAS is totally warped. He was an overall tax cutter and it was those tax cuts that stimulated the longest uninterrupted period of growth in our nation's history.
Gee, Rshermr...if you increase taxes and spend like crazy...do you think you would fit the definition of a "tax and spend" President?
No. But that is what a con tool like you would have called a democratic president if he tripled the national debt, and spent more than all the presidents before him combined.
Reagan did raise taxes after his major tax reduction over a year before caused a recession. As I said in my post that you are lying about now, he raised taxes enough to wipe out 70% of his prior tax reductions. So, in net, he is, as I said, a net tax reducer. Not that anyone cares, except you.
What was important was that he was facing a major recession, recognized it, and used spending as stimulus to eradicate the problem. He did not, however, utilize Supply Side measures, or in other words, tax reductions as a method to fight the problem. He reduced no more taxes until the recession was well over. Which, me boy, is something that both republicans and democrats do when the economy is strong.
Were those your words that I quoted? If you're not calling Reagan a tax and spend President then I don't know what you ARE doing!
Yes, I am sure it is confusing to you. I am simply stating what he did. The facts. No lies at all. No effort to make Reagan look like what I want him to look like. I actually prefer the truth.
But, as a rational person, I like truth and do not like being wrong. If I made a mistake, let me know and provide proof.
Once again...your portrayal of what Reagan WAS is totally warped. He was an overall tax cutter and it was those tax cuts that stimulated the longest uninterrupted period of growth in our nation's history.
The problem you have, me boy, is that you are a conservative tool. You think that anything that Obama did or does is BAD. And anything that Reagan does or did is BAD. But you could care less about truth. At all. But here is the truth:
1. He was a tax cutter. But those tax cuts were of no value when the economy was bad, in the first years. The tax cuts caused him to cut spending in non military area, which cost jobs, and caused a recession.
2. Regan was a net spend president. He cut some spending, but increased spending in other areas much more than he cut it in others. The net result was to triple the national debt. Even in the early years, after he cut taxes greatly, his spending on the military was so great that it overrode his cuts in non military areas.
3. After cutting taxes and cutting non military spending, the net effect was to increase unemployment. Within a year of the cuts, the ue rate was the second highest in the record of out economy in the past 100 years. That, again, is simply the truth. By November of 2008, the ue rate was 10.8%. I can prove that, and have for you, many, many times, if you want to act ignorant of the fact again.
4. By mid 1982, it was obvious to Reagan that it was necessary that he raise revenue to stop the increase in the national debt and to allow spending to stimulate an economy with an extremely high ue rate. And he did raise taxes over 10 times, and he did spend heavily.
5. His spending, primarily on the military, was heavy throughout his term, and the net was to spend more than all previous presidents combined.
6. Part of the national debt increase was, as always, reduced revenue. That resulted from reduced tax rates themselves, but more from a very high unemployment rate. The unemployed, you see, do not pay taxes, so as always when the ue rate is high, the national debt increased.
So, no, reagan's tax cuts of 1981 definately did not stimulate anything. At all.
And when the economy went in the toilet in 1982, reagan did not reduce taxes to get out of his mess, he simply spent and spent. And he did raise taxes to pay for some of his spending. Though most of his spending was covered by borrowing and increasing the debt.
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