Dick Cheney Said, "The Debt Doesn't Matter, Reagan Proved That"

Discussion in 'Politics' started by Cammmpbell, Sep 16, 2011.

  1. Cammmpbell
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    Cammmpbell Senior Member

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    In Richard Clarke's book he told that in George W. Bush's first cabinet meeting Cheney said, "The Debt Doesn't Matter, Reagan Proved That." He was referring to the fact that in 1981 the debt was less than $1 trillion and when George Herbert Walker Bush left office in 1993 the debt had quadrupled to more than $4 trillion.

    Of course during the two terms of George W. Bush he cut taxes twice...in 2001 and 2003 and doubled the national debt from $5.7 trillion to over $11 trillion.

    What he meant was, if you're rich and already have it made don't worry...the stock market will do just fine. What we're seeing now is that for 90% of Americans...it does matter.
     
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  2. OODA_Loop
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    Well fuck there is your license to spend spend spend
     
  3. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Same as yours.
     
  4. OODA_Loop
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    your inner three year old is showing
     
  5. Immanuel
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    Immanuel Gold Member

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    I have always said that Cheney is a jackass. I hope you are not asking me to change my opinion of him now!

    Immie
     
  6. DontBeStupid
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    DontBeStupid Look it up!

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    I think it's obvious what Cheney meant. The debt doesn't matter when there is a Republican President. Otherwise, it is the single most important issue of all time.
     
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    The debt matters now.
     
  8. Seawytch
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    Seawytch Information isnt Advocacy

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    So why now? Why didn't it matter when Republicans spent like Amy Winehouse in Amsterdam on two (unpaid for) wars, Medicare Part D (unpaid for) and tax cuts (unpaid for)?
     
  9. DontBeStupid
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    DontBeStupid Look it up!

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    I'm curious to know why you think it matters now.
     
  10. edthecynic
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    edthecynic Censored for Cynicism

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    And it mattered during Carter's and Clinton's terms, if you remember Reagan campaigned against debt when he ran against Carter, but didn't matter during St Ronnie's, Bush I's and Bush II's terms. Anyone see a pattern there?

    'I don't worry about the deficit. It's big enough to take care of itself.'
    Ronald Reagan

    "Reagan proved deficits don't matter."
    Dick Cheney
     

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