GOP Wrecked the Budget - Reagan's OMB Director

Discussion in 'Economy' started by Modbert, Aug 1, 2010.

  1. Modbert
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    Modbert Daydream Believer Supporting Member

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    http://www.nytimes.com/2010/08/01/opinion/01stockman.html?_r=1

    This is a interesting article to say the least. Thoughts USMB? Toro?
     
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  2. Toro
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    Toro Diamond Member

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    David Stockman ran the Office of Management and Budget for Ronald Reagan.

    http://www.nytimes.com/2010/08/01/opinion/01stockman.html
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    "The Reagan administration’s hastily prepared fiscal blueprint, however, was no match for the primordial forces — the welfare state and the warfare state — that drive the federal spending machine."

    How was this the GOP fault again? Does Stockman read this before he published it?
     
  4. Modbert
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    Modbert Daydream Believer Supporting Member

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    Threads merged Toro but I decided to go with your title instead.
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    And Reagan still never controlled Congress. Does anyone wonder why Stockman did not last long?

    For Reagan, it must have been like discovering he'd hired Jake Starkey to be his Budget Director.
     
  6. Toro
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    Toro Diamond Member

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    Read Stockman's book. He will tell you that it was the Republicans who believed this fairy tale that you can cut taxes and the growth will create enough revenue to pay for government spending, and it was the Supply-Siders who argued for it in budget negotiations, not just Democrats.

    The Republican Party used to believe in fiscal discipline. Its long past that. Now it believes in All Tax Cuts All the Time, no matter what the fiscal consequences.

    When I see the Tea Party people with signs that say "Cut MY Social Security" then I'll know the party is serious. Otherwise, it is merely continuing to perpetuate an intellectual fraud that it has for the past 30 years.
     
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  7. Modbert
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    Modbert Daydream Believer Supporting Member

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    Uh, Stockman was there from 1981 to 1985. In fact, he left of his own free will.

    David Stockman - Wikipedia, the free encyclopedia

    And you're right, Reagan never controlled Congress if you don't count the Senate from 1981 to 1987.

    97th United States Congress - Wikipedia, the free encyclopedia

    98th United States Congress - Wikipedia, the free encyclopedia

    99th United States Congress - Wikipedia, the free encyclopedia

    There goes Frank trying to rewrite history.
     
  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Democrats controlled Congress all those years!!!!!!!!!!!!!!!!

    How were Republicans supposed to control spending, by mental telepathy?

    Reagan mentioned Entitlement reform and the LMSM went Batshit crazy on him
     
  9. Toro
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    Toro Diamond Member

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    The Republican Party is just Keynesianism in drag.

    At least the Democrats say that they'll increase government spending AND increase your taxes. You can respect that. The Republicans say they'll cut your taxes but won't cut your spending. It's hard to respect that.
     
  10. Modbert
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    Modbert Daydream Believer Supporting Member

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    And what about from 1994 to 2006? Do those years just not count? Again, Republicans controlled the Senate from 1981 to 1987 too. Reagan could of also vetoed any bill he didn't like.
     

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