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The federal budget surplus. Of course I know the federal debt wasn't erased, but the government did take in more money than it spent at the end of the 90s, which makes it a surplus.
But there was no federal budget surplus in the '90s...
If you look at the charts you know what I mean. It did not begin to skyrocket until Reaganomics went into effect. And after him every president has increased the debt, but so far Reagan is the only one who spend three times as much as all presidents before him combined. Bush is a good #2 spending twice as much as all before him combined.
Congress increased the debt, not the president.
The 1980s Democrat-controlled Congress spent, on average, 2.8% more than Reagan asked for and 24.5% over 8 years.
Also, every balanced-budget that Reagan presented to Congress was declared D.O.A. by (Democrat) Tip O'Neill.
If you look at the charts you know what I mean. It did not begin to skyrocket until Reaganomics went into effect. And after him every president has increased the debt, but so far Reagan is the only one who spend three times as much as all presidents before him combined. Bush is a good #2 spending twice as much as all before him combined.
No. What you're seeing is in the 70's the U.S. attempted to adjust to the inevitable growth of the rest of the planet.
American's weren't for that at all. They elected Reagan hands down. He made vast promises. The people behind the scenes understood exactly how the economy works and where it was headed with the Nixon policy of America on the decline.
Quote:
We're not, as some would have us believe, doomed to an inevitable decline. I do not believe in a fate that will fall on us no matter what we do. I do believe in a fate that will fall on us if we do nothing. So, with all the creative energy at our command, let us begin an era of national renewal. Let us renew our determination, our courage, and our strength. And let us renew our faith and our hope.
In other words I'm going to spend massively on technology, war, covert operations and anything else under the sun that means "I win, you lose."
President Reagan believed in humanity. He gave the human race the benfit of the doubt. Having seen it in action the last few decades, since RVW, it's no surprise people are losing the fallacy that humanity is anything more than a virus feeding off the host planet. You require resources to stay alive therefore you're the de facto parasite to the coming thought process.
I'm one of those (gun-owning, anti-illegal) "hippie liberal commies". I voted for Clinton, Gore, and Obama (abstained in '04). The first vote I ever cast was for Ann Richards for governor in Texas (she ultimately lost to Dubya).
I voted that Reagan was "OK". He gets way too much of a pass on his crappy domestic and (anti-)regulatory policies, but not enough credit for the very real role he played in not only ending the existence of the USSR, but pulling us back from the brink of nuclear war more than once in the 1980s. (Gorbachev also deserves a TON of credit here.)
I'm one of those (gun-owning, anti-illegal) "hippie liberal commies". I voted for Clinton, Gore, and Obama (abstained in '04). The first vote I ever cast was for Ann Richards for governor in Texas (she ultimately lost to Dubya).
I voted that Reagan was "OK". He gets way too much of a pass on his crappy domestic and (anti-)regulatory policies, but not enough credit for the very real role he played in not only ending the existence of the USSR, but pulling us back from the brink of nuclear war more than once in the 1980s. (Gorbachev also deserves a TON of credit here.)
They're one in the same. In fact they're playing a very key role in the abolition of the U.S.
The attempts to counteract the oncoming tsunami are tax cuts, deficit spending and in general inflation of the dollar. The fed was created to try to equalize the money supply to a more stable currency. That means when the pressure is towards deflation they print and when the pressure is towards inflation the raise interest rates.
I was there. "Howdy Duty" was TERRIBLE. Even his son and daughter thought so. He fooled a great portion of the public with his "B" acting and affability.
He gave the rich tax cuts and raised taxes to the middle class.
Conservatives/Right Wingers loved him.
Liberal/Left Wingers hated him.
You absolutely missed the point. The middle class was no longer the driver of the economy. Left to them and America would have disappeared 40 years ago.
Money was allowed to go to capital for people that know how to make more.
It prolonged the collapse for a bit. Most of that was the deficit spending though that allowed the inflation rate of the dollar to continue.
However it's far past time for those types of inflations rates. Americans are going to need to see 10% rates and double digit UE along with double digit interest rates before they'll get it.
can you imagine any republican pushing amnesty and increasing taxes on the rich?
reagan would be a rino in todays environment.
the only reason why republicans and conservatives revere him is because he was hollywood.
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