After 30 Years, The New York Times Admits............................................ Reaganomics Worked! (Iran, soldier, national debt)

[Old Army Soldier]

This revelation should draw criticism to the New York Times. One thing I remember during the mid to late 1980's was that the oil and gas industry suffered greatly as prices and drilling plummeted. Thousands upon thousands were out of work in that particular field.



New York Times Admits Reaganomics Worked

[crbcrbrgv]

The funny thing is I knew it would be "Breitbart" and you didn't even mention it in your link.

[ovcatto]

Originally Posted by Old Army Soldier

This revelation should draw criticism to the New York Times.

Too bad you didn't actually read the New York Times article.

http://www.nytimes.com/2012/11/30/us...anted=all&_r=0

[MTAtech]

This is the article:
http://www.nytimes.com/2012/11/30/us...anted=all&_r=0
It hardly admits that Reaganomics worked.

Households earning more than $200,000 benefited from the largest percentage declines in total taxation as a share of income. Middle-income households benefited, too. More than 85 percent of households with earnings above $25,000 paid less in total taxes than comparable households in 1980.

Lower-income households, however, saved little or nothing. Many pay no federal income taxes, but they do pay a range of other levies, like federal payroll taxes, state sales taxes and local property taxes. Only about half of taxpaying households with incomes below $25,000 paid less in 2010.
...

[Robin Rossi]

Originally Posted by crbcrbrgv

The funny thing is I knew it would be "Breitbart" and you didn't even mention it in your link.

So what.

[Finn_Jarber]

Reaganomics relied on heavy government spending, and when the spending spree was over, Reagan had tripled the national debt.

[desertdetroiter]

.....for whom exactly?

[burdell]

Originally Posted by desertdetroiter

.....for whom exactly?

Well, the shiny new missiles made the Iranians happy

[BentBow]

Fuel prices in the 80's sure were sweet.

I think I filled up the GTX with $15.
We could actually go places.

[EmeraldCityWanderer]

wow, what a lie from breitbart.com. i thought he tried to be a good christian, yet the author breaks the 9th commandment.