Reaganomics

[Meathead]

The amazing thing is that 25 years later pathetic attempts to attack his legacy continue.

Now that's a fucking legacy!

Just like Thomas Edison and Christopher Columbus..............
Legacy........

Only a legacy due to lies, not actuality.

Reagan's legacy is both historic and historical. The incessant whining is squarely historical revision.

 

[Friends]

The amazing thing is that 25 years later pathetic attempts to attack his legacy continue.

Now that's a fucking legacy!

Just like Thomas Edison and Christopher Columbus..............
Legacy........

Only a legacy due to lies, not actuality.

Reagan's legacy is both historic and historical. The incessant whining is squarely historical revision.

Reagan's legacy is the delusion that it is always a good idea to cut taxes, and never a good idea to raise them.

 

[Listening]

The amazing thing is that 25 years later pathetic attempts to attack his legacy continue.

Now that's a fucking legacy!

Just like Thomas Edison and Christopher Columbus..............
Legacy........

Only a legacy due to lies, not actuality.

Reagan's legacy is both historic and historical. The incessant whining is squarely historical revision.

Reagan's legacy is the delusion that it is always a good idea to cut taxes, and never a good idea to raise them.

Doesn't the left continually crow about all of Reagan's tax increases ?

Reagan s Tax Increases Have Democrats Recalling Republican Hero - Bloomberg

Make up your mind.

 

[LA RAM FAN]

'Reaganomics’ Failure

But this debt crisis did not originate with George W. Bush. It can be traced back primarily to President Reagan, who arrived in the White House in 1981 with fanciful notions about restoring America’s economic vitality through massive tax cuts for the wealthy, a strategy called “supply-side” by its admirers and “trickle-down” by its critics.

Reagan’s tax cuts brought a rapid ballooning of the federal debt, which was $934 billion in January 1981 when Reagan took office. When he departed in January 1989, the debt had jumped to $2.7 trillion, a three-fold increase. And the consequences of Reagan’s reckless tax-cutting continued to build under his successor, George H.W. Bush, who left office in January 1993 with a national debt of $4.2 trillion, more than a four-fold increase since the arrival of Republican-dominated governance in 1981.'



The Abject Failure of Reaganomics Consortiumnews

How long do we have to listen to this whining ?

Clinton then has an economy strong enough to almost totally retire that debt (along with some help from the GOP).

Obama has added more to the debt than Reagan and Bush combined. A LOT MORE.

And there is no economy to sustain his spending.

The quoted article should be printed and then used to wipe your ass. That's all it is good for.

true that Obomination has added more debt than reagan and bush combined!!! every president since reagan has been worse and more corrupt than the previous one.Reagan at the time though bankrupted america worse than all presidents combined with thr worst debt ever,thats common knowledge.reagan is the grandfather of them all who started shipping jobs oeverseas thats why the media worships him because he was the grandfather of all the presidnets we have had since who have all betrayed americans.

 

[Friends]

So, how did Reagan put us on the road to ruin when we are on a very good road after he left office ?

.

We did not get on that "very good road" until President Clinton raised taxes on the rich. We got off the road as soon as George W. Bush cut taxes for the rich.

 

[Friends]

The amazing thing is that 25 years later pathetic attempts to attack his legacy continue.

Now that's a fucking legacy!

Just like Thomas Edison and Christopher Columbus..............
Legacy........

Only a legacy due to lies, not actuality.

Reagan's legacy is both historic and historical. The incessant whining is squarely historical revision.

Reagan's legacy is the delusion that it is always a good idea to cut taxes, and never a good idea to raise them.

Doesn't the left continually crow about all of Reagan's tax increases ?

Reagan s Tax Increases Have Democrats Recalling Republican Hero - Bloomberg

Make up your mind.

Reagan cut the top tax rate from 70 to 28 percent. He raised flat and recessive taxes. In other words, taxes for the rich declined. Taxes for the rest of us went up.

 

[Meathead]

The amazing thing is that 25 years later pathetic attempts to attack his legacy continue.

Now that's a fucking legacy!

Just like Thomas Edison and Christopher Columbus..............
Legacy........

Only a legacy due to lies, not actuality.

Reagan's legacy is both historic and historical. The incessant whining is squarely historical revision.

Reagan's legacy is the delusion that it is always a good idea to cut taxes, and never a good idea to raise them.

Reagan is the most consequential leader of the modern age. Taxes are but a footnote in his legacy. The man changed the world and rendered generations of leftists impotent worldwide ffs!

 

[Friends]

Reagan has been dead for years. We had to live through the crooked dot-com bubble, the go-go Enron insanity and the pardoning of the most notorious corporate crook in history during the Clinton administration. Almost two decades have passed and the radical left still can't seem to get a grip on reality. When are they going to realize that Obama is president?

The enduring legacy of Ronald Reagan is the delusion among most Republicans that it is always a good idea to cut taxes, and never a good idea to raise them.

During the Roosevelt administration taxes on the rich got higher and higher.

http://www.ctj.org/pdf/regcg.pdf

The unemployment rate got lower and lower.

United States Unemployment Rate 1920 ndash 2013 Infoplease.com

Real per capita gross domestic product got higher and higher.

Singularity is Near -SIN Graph - Per-Capita GDP

During the Roosevelt administration we taxed and spent our way to prosperity.

 

[Friends]

The amazing thing is that 25 years later pathetic attempts to attack his legacy continue.

Now that's a fucking legacy!

Just like Thomas Edison and Christopher Columbus..............
Legacy........

Only a legacy due to lies, not actuality.

Reagan's legacy is both historic and historical. The incessant whining is squarely historical revision.

Reagan's legacy is the delusion that it is always a good idea to cut taxes, and never a good idea to raise them.

Reagan is the most consequential leader of the modern age. Taxes are but a footnote in his legacy. The man changed the world and rendered generations of leftists impotent worldwide ffs!

Reagan made the rich richer while tripling the national debt and turning the United States from the world's greatest creditor country to the world's greatest debtor country.

 

[Treeshepherd]

From the start of the Reagan era, a precedent was set. Deficit spending became the norm. Since those days, we have continued to practice Reaganomics, in that sense. What we established was this imperative; economic growth by any means necessary. If we have to run a $200 billion or $2 trillion deficit to keep the economy growing, then that's what we're going to do.
Growth wasn't a problem until the 1970's. I mean, if you built a hardware store in a California town during the 1950's, business was almost guaranteed to increase over time because that town was doubling in population every decade. Eventually though, markets get saturated. How many hair salons and coffee shops can you put on one city block? To continue to achieve growth, you have to put miniature Starbucks dollhouse stores inside of regular sized Starbucks stores. I jest, but you get the point.

As far as deficit spending goes, and why we continue on this path, I think there's a Chinese phrase that sums up the problem...
"He who rides the tiger can never dismount"

 

[Listening]

The amazing thing is that 25 years later pathetic attempts to attack his legacy continue.

Now that's a fucking legacy!

Just like Thomas Edison and Christopher Columbus..............
Legacy........

Only a legacy due to lies, not actuality.

Reagan's legacy is both historic and historical. The incessant whining is squarely historical revision.

Reagan's legacy is the delusion that it is always a good idea to cut taxes, and never a good idea to raise them.

Doesn't the left continually crow about all of Reagan's tax increases ?

Reagan s Tax Increases Have Democrats Recalling Republican Hero - Bloomberg

Make up your mind.

Reagan cut the top tax rate from 70 to 28 percent. He raised flat and recessive taxes. In other words, taxes for the rich declined. Taxes for the rest of us went up.

And you really believe that the wealthy were paying 70% ?

Seriously ?

 

[tuhaybey]

Supply side economics, obviously, failed spectacularly. The central premise- that if the rich have more money, they will invest more and that will spur economic growth that will trickle down to the people- turned out to be completely false. We did everything humanly possible to divert more money to the rich and they just reduced the share of productivity that workers get.

In fact, low tax rates actually correlate to LOWER economic growth:

Low taxes on the rich correlate with low growth

If you look at our 20 best years for GDP growth, the top income tax bracket was over 50% in all of them and over 70% in most of them.

 

[Friends]

Just like Thomas Edison and Christopher Columbus..............
Legacy........

Only a legacy due to lies, not actuality.

Reagan's legacy is both historic and historical. The incessant whining is squarely historical revision.

Reagan's legacy is the delusion that it is always a good idea to cut taxes, and never a good idea to raise them.

Doesn't the left continually crow about all of Reagan's tax increases ?

Reagan s Tax Increases Have Democrats Recalling Republican Hero - Bloomberg

Make up your mind.

Reagan cut the top tax rate from 70 to 28 percent. He raised flat and recessive taxes. In other words, taxes for the rich declined. Taxes for the rest of us went up.

And you really believe that the wealthy were paying 70% ?

Seriously ?

They were paying a lot more than they are now. One of the benefits of a high top tax rate is that it gives the government more power over the economic behavior of the rich.

 

[AntiParty]

Supply side economics, obviously, failed spectacularly. The central premise- that if the rich have more money, they will invest more and that will spur economic growth that will trickle down to the people- turned out to be completely false. We did everything humanly possible to divert more money to the rich and they just reduced the share of productivity that workers get.

In fact, low tax rates actually correlate to LOWER economic growth:

Low taxes on the rich correlate with low growth

If you look at our 20 best years for GDP growth, the top income tax bracket was over 50% in all of them and over 70% in most of them.

These facts are bumming me out! I wish Politics was SIMPLE.

Actually I love facts and nothing makes me happier than learning them. Reagonomics? Reagan was an actor. A person that was openly willing to act like someone they aren't. The Right Wing ate it up like a deer eating corn about to be shot. YUMMY YUMMY!

Yet I don't agree with you on Tax Rates. The softest brains can see that higher taxes won't create economic growth, the chart simply shows that not everyone is as stupid as the CURRENT Right Wing. I mean, Mitt Romney, the very FACE of everything wrong with America almost won an election. This doesn't make Obama a good President. It simply exposes our flawed political system.

 

[AntiParty]

Reagan's legacy is both historic and historical. The incessant whining is squarely historical revision.

Reagan's legacy is the delusion that it is always a good idea to cut taxes, and never a good idea to raise them.

Doesn't the left continually crow about all of Reagan's tax increases ?

Reagan s Tax Increases Have Democrats Recalling Republican Hero - Bloomberg

Make up your mind.

Reagan cut the top tax rate from 70 to 28 percent. He raised flat and recessive taxes. In other words, taxes for the rich declined. Taxes for the rest of us went up.

And you really believe that the wealthy were paying 70% ?

Seriously ?

They were paying a lot more than they are now. One of the benefits of a high top tax rate is that it gives the government more power over the economic behavior of the rich.

Do you think the people should have a higher tax rate, or a Corporation?

 

[AntiParty]

The amazing thing is that 25 years later pathetic attempts to attack his legacy continue.

Now that's a fucking legacy!

Just like Thomas Edison and Christopher Columbus..............
Legacy........

Only a legacy due to lies, not actuality.

Reagan's legacy is both historic and historical. The incessant whining is squarely historical revision.

Reagan's legacy is the delusion that it is always a good idea to cut taxes, and never a good idea to raise them.

Reagan is the most consequential leader of the modern age. Taxes are but a footnote in his legacy. The man changed the world and rendered generations of leftists impotent worldwide ffs!

Reagan made the rich richer while tripling the national debt and turning the United States from the world's greatest creditor country to the world's greatest debtor country.

That's because Americans don't understand Politics at it's most basic point.

The Right Hates Government.

The Left Hates Corporations.

Facts show you cannot become a political figure without Corporate Donors in America today. This isn't hard to understand.

 

[AntiParty]

Reagan was an ACTOR that showed signs of intellect, until his party deemed him unfit to talk.

 

[Friends]

Reagan's legacy is the delusion that it is always a good idea to cut taxes, and never a good idea to raise them.

Doesn't the left continually crow about all of Reagan's tax increases ?

Reagan s Tax Increases Have Democrats Recalling Republican Hero - Bloomberg

Make up your mind.

Reagan cut the top tax rate from 70 to 28 percent. He raised flat and recessive taxes. In other words, taxes for the rich declined. Taxes for the rest of us went up.

And you really believe that the wealthy were paying 70% ?

Seriously ?

They were paying a lot more than they are now. One of the benefits of a high top tax rate is that it gives the government more power over the economic behavior of the rich.

Do you think the people should have a higher tax rate, or a Corporation?

Probably people, although I am undecided on the matter.

 

[Friends]

Reagan was an ACTOR that showed signs of intellect, until his party deemed him unfit to talk.

I believe it was Don Regan who said of Reagan, "It was not enough to tell him what to say. You had to write in chalk where he had to put his feet."

 

[tuhaybey]

The softest brains can see that higher taxes won't create economic growth

Higher taxes in and of themselves certainly don't create economic growth. However, smartly investing in the future and in activities that benefit the economy now DOES create economic growth. Borrowing less can be a good thing economically. If the higher taxes on the rich enable you to lower taxes on the middle class, that helps the economy too. It isn't the taxing in and of itself that is beneficial, it is what we do with the money that is beneficial. And history seems to show us that the benefits of the things we do with the money significantly outweigh the harm of collecting the taxes. Especially when we collect the taxes from the rich where it does the least economic harm.