Peach
Gold Member
- Jan 10, 2009
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Reagans attacks on government spending left Americans with reduced expectations of their governments capabilities, easing the political pressure on his successor to offer expensive new government-funded programs to cure social ills. And due to the cautious policies of the Federal Reserve Board and the absence of unpleasant price shocks during his term, President Reagan is able to leave to his successor both an unusually low unemployment rate and a relatively low and stable rate of inflation, perhaps the most welcome gifts of all
Reagan ran up a huge debt, I can see perhaps some with lower expectations, but the cycle of dependency continues till this day. Daniel Moynihan wrote about welfare being a "culture" in the 1960's. The percentage of Americans on welfare BEGAN to decrease in the mid 1970's, there was actually an uptick in the Reagan years, it has gone down since the 1990's:
File:Welfare Benefits Payments Graph.gif - Wikipedia, the free encyclopedia
Reagan ran up a debt to bring down the communist. which also increased America's economical growth.
NIXON deserves credit for the fall of the SU, Reagan's photo ops were just that. The Soviet Union was crumbling before the "tear this wall down" commercial.