Bfgrn
Gold Member
- Apr 4, 2009
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An excellent example of left wing whining! Thank you.The fact that liberals are still whining about "St. Ronny" (see above) 24 years since he left office is as incontestable as is his enduring legacy of success which was to their demise. It even led them to rename themselves progressives. Another way of looking at it is that the former proves the latter.
Yea, old Ronny's enduring legacy is still with us...
Where did our debt come from? When did massive debt become part of the American economy?
Reagan switched the federal government from what he critically called, a tax and spend policy, to a borrow and spend policy, where the government continued its heavy spending, but used borrowed money instead of tax revenue to pay the bills. The results were catastrophic. Although it had taken the United States more than 200 years to accumulate the first $1 trillion of national debt, it took only five years under Reagan to add the second one trillion dollars to the debt. By the end of the 12 years of the Reagan-Bush administrations, the national debt had quadrupled to $4 trillion!
Anyway, isn't that more of a graph depicting the rise of debt by following presidents since Reagan's last full year in office was 1988?
Anyway, we really don't need additional proof of the liberal pathology regarding Reagan. Thanks again anyway.
An excellent example of right wing denial. What part of "it had taken the United States more than 200 years to accumulate the first $1 trillion of national debt, it took only five years under Reagan to add the second one trillion dollars to the debt" don't you comprehend?
I never gave anybody hell. I just told the truth and they thought it was hell.
Harry S. Truman