The Myths of Reaganomics

[Flaylo]

Todays Republicans hold Ronald Reagan and his economic policies up as some kind of blueprint for fiscal responsibility for reducing deficits and and reducing the role of government, well see the facts for yourselves.

The Myths of Reaganomics - Murray N. Rothbard - Mises Daily


Why don't the Republicans let Reaganomics just dieinstead of trying to revive it?

 

[JBeukema]

Reaganomics is fiscal Jesus

 

[Flaylo]

Reaganomics is fiscal Jesus

Reaganomics was fiscal bullshit, its the blueprint for fiscal disaster and the template that conservatives follow which makes Reagan responsible for why the country has a fucked up deficit, all traces of Reaganomics needs to be eliminated from American economic policy.

 

[JBeukema]

You can't kill it. It is given by the Prophet and shall rise again, above reproach and beyond the comprehension of mere men.


Reaganomics is fiscal Jesus

 

[Flaylo]

You can't kill it. It is given by the Prophet and shall rise again, above reproach and beyond the comprehension of mere men.


Reaganomics is fiscal Jesus

It can be killed, Bill Clinton did, Bush younger revived it, Obama must kill it again. Reaganomics put the country in a 1.1 trillion dollar deficit before Obama took office, Republicans need to let it go.

 

[editec]

Reaganomics is fiscal Jesus

Reaganomics was fiscal bullshit, its the blueprint for fiscal disaster and the template that conservatives follow which makes Reagan responsible for why the country has a fucked up deficit, all traces of Reaganomics needs to be eliminated from American economic policy.

Who is going to kill it?

The DEMS?

WAKE UP.

There are no heros in this nightmare, folks.

Anybody inclined to heroism on behalf of the people was vetted from power long before they could do any damage to the cleptocracy that has ruled this nation since before your grandfather was born.

 

[CrusaderFrank]

You need an entire Reagan BUDGET to match Obama's deficit!

A whole Reagan BUGDET!

 

[CrusaderFrank]

Another article by a writer suffering the delusion that Reagan ran Congress.

Also, what we bought with the deficits from the military build-up was the collapse of the Democrat hometeam: the USSR.

Finally, Reagan deficit were peanuts compared to what Democrats are doing today, and all we have to show for it is creeping Fascism as the Democrat National Socialist Federal Gubbamint gobbles down one whole industry after another.

 

[editec]

Poeple speak about Regan as a tax cutter.

Now go check out how much the social security tax and medicade tax went up during his reign.

Still think he CUT taxes?

Well he did if you're a wealthy person, but if you're a working stiff he did EXACTLY the opposite of cutting YOUR taxes.

Of course, in his defence, had he NOT increased SS taxes, that system would be bankrupted.

My complaint therefore, isn't that he increase dSS taxes, but instead that he decreased Income taxes on the already wealthy enough.

Not that I hate the already wealthy enough, merely that by decreasing their taxes he drastically set us up for the increase in national debts.

And as many of you so correctly point out, it is CONGRESS who writes the laws that spend too much money.

And here's a clue for you OBAMAhaters.

The exact same thing can be said for Obama.

He can PROPOSE but it takes CONGRESS to dispose.

 

[Gremlin-USA]

Reaganomics is fiscal Jesus

Reaganomics was fiscal bullshit, its the blueprint for fiscal disaster and the template that conservatives follow which makes Reagan responsible for why the country has a fucked up deficit, all traces of Reaganomics needs to be eliminated from American economic policy.

And BO Nomics is working for you?

Glad it is working for someone


.

 

[code1211]

Todays Republicans hold Ronald Reagan and his economic policies up as some kind of blueprint for fiscal responsibility for reducing deficits and and reducing the role of government, well see the facts for yourselves.

The Myths of Reaganomics - Murray N. Rothbard - Mises Daily


Why don't the Republicans let Reaganomics just dieinstead of trying to revive it?

Layig aside for the sake of your bias the facts that the country was on the same trajectory then that it is now and that Reaganomics changed that trajectory and set the stage for the 90's boom, let's check the numbers.

Federal Deficit and Debt (Nominal dollars, in millions)1
Debt as a percentage
Year Deficit Debt of that year's GDP
1979 -$40,183 -$828,923 34%
1980 -73,835 -908,503 34
1981 -78,976 -994,298 34
1982 -127,989 -1,136,798 36
1983 -207,818 -1,371,164 41
1984 -185,388 -1,564,110 42
1985 -212,334 -1,816,974 46
1986 -221,245 -2,120,082 50
1987 -149,769 -2,345,578 53
1988 -155,187 -2,600,760 54
1989 -152,481 -2,867,538 55
1990 -221,384 -3,206,207 59
1991 -269,521 -3,598,303 63
1992 -290,403 -4,001,941 67


Now check the deficits of the Big 0. Either year of his failed pesidency amount to a greater total than all 8 years of Reagan. And what to show for it? Everything is worse.

The country divides into two groups: Those who remember what the Carter years felt like and those who will find out.

 

[CrusaderFrank]

As long as we have Democrats we will never have a balanced budget.

Democrats thrive by dispensing the wealth of other to their voters, which include the non-living.

Until, like Greece, the day comes that the government is no longer able to send them a check, they have no vested interest in fiscal discipline.

 

[CrusaderFrank]

Todays Republicans hold Ronald Reagan and his economic policies up as some kind of blueprint for fiscal responsibility for reducing deficits and and reducing the role of government, well see the facts for yourselves.

The Myths of Reaganomics - Murray N. Rothbard - Mises Daily


Why don't the Republicans let Reaganomics just dieinstead of trying to revive it?

Layig aside for the sake of your bias the facts that the country was on the same trajectory then that it is now and that Reaganomics changed that trajectory and set the stage for the 90's boom, let's check the numbers.

Federal Deficit and Debt (Nominal dollars, in millions)1
Debt as a percentage
Year Deficit Debt of that year's GDP
1979 -$40,183 -$828,923 34%
1980 -73,835 -908,503 34
1981 -78,976 -994,298 34
1982 -127,989 -1,136,798 36
1983 -207,818 -1,371,164 41
1984 -185,388 -1,564,110 42
1985 -212,334 -1,816,974 46
1986 -221,245 -2,120,082 50
1987 -149,769 -2,345,578 53
1988 -155,187 -2,600,760 54
1989 -152,481 -2,867,538 55
1990 -221,384 -3,206,207 59
1991 -269,521 -3,598,303 63
1992 -290,403 -4,001,941 67


Now check the deficits of the Big 0. Either year of his failed pesidency amount to a greater total than all 8 years of Reagan. And what to show for it? Everything is worse.

The country divides into two groups: Those who remember what the Carter years felt like and those who will find out.

10 minute standing ovation!

 

[code1211]

Poeple speak about Regan as a tax cutter.

Now go check out how much the social security tax and medicade tax went up during his reign.

Still think he CUT taxes?

Well he did if you're a wealthy person, but if you're a working stiff he did EXACTLY the opposite of cutting YOUR taxes.

Of course, in his defence, had he NOT increased SS taxes, that system would be bankrupted.

My complaint therefore, isn't that he increase dSS taxes, but instead that he decreased Income taxes on the already wealthy enough.

Not that I hate the already wealthy enough, merely that by decreasing their taxes he drastically set us up for the increase in national debts.

And as many of you so correctly point out, it is CONGRESS who writes the laws that spend too much money.

And here's a clue for you OBAMAhaters.

The exact same thing can be said for Obama.

He can PROPOSE but it takes CONGRESS to dispose.

Since the Big 0 only works well when he has an enemy to fight, we need to have a Conservative dominated Congress. In that way, he could veto every single bill and the spending would stop.

The military would dissolve, law enforcement would collapse, rioting in the streets would tear apart the country. The rule of law would be a vaguely remembered legend as the books were burned and the internet collapsed.

Private industry would relocate entirely to other countries and we would all be penniless and destitute in perfect equality.

The Democrat ideal realized.

 

[Greenbeard]

Now check the deficits of the Big 0. Either year of his failed pesidency amount to a greater total than all 8 years of Reagan. And what to show for it? Everything is worse.

Obama must be spending twice--maybe thrice!--what Reagan was as a percentage of GDP.

Oh. I guess it's maybe 1.5% of GDP more than Reagan was spending during the 1982 recession (and about 2-3% of GDP higher than Reagan's average over the decade). It looks like receipts have just fallen sharply and automatic stabilizers are at record high levels because we're in the deepest recession since the '30s.

 

[william the wie]

While found I found Rothbard too politically radical even even when I was a teenager I do find his linked analysis in the OP pretty much spot on. Reagan's republitarianism was way too weak. This does need to be changed drastically. Kinda, sorta defenses of social and economic liberty are simply not good enough. Let the states run their own drug and gender laws and let people vote with their feet and u-hauls. The federal government should stick to a non-interventionist foreign policy and regulating banknotes but otherwise sit on the sidelines.

 

[Wry Catcher]

Todays Republicans hold Ronald Reagan and his economic policies up as some kind of blueprint for fiscal responsibility for reducing deficits and and reducing the role of government, well see the facts for yourselves.

The Myths of Reaganomics - Murray N. Rothbard - Mises Daily


Why don't the Republicans let Reaganomics just dieinstead of trying to revive it?

Layig aside for the sake of your bias the facts that the country was on the same trajectory then that it is now and that Reaganomics changed that trajectory and set the stage for the 90's boom, let's check the numbers.

Federal Deficit and Debt (Nominal dollars, in millions)1
Debt as a percentage
Year Deficit Debt of that year's GDP
1979 -$40,183 -$828,923 34%
1980 -73,835 -908,503 34
1981 -78,976 -994,298 34
1982 -127,989 -1,136,798 36
1983 -207,818 -1,371,164 41
1984 -185,388 -1,564,110 42
1985 -212,334 -1,816,974 46
1986 -221,245 -2,120,082 50
1987 -149,769 -2,345,578 53
1988 -155,187 -2,600,760 54
1989 -152,481 -2,867,538 55
1990 -221,384 -3,206,207 59
1991 -269,521 -3,598,303 63
1992 -290,403 -4,001,941 67


Now check the deficits of the Big 0. Either year of his failed pesidency amount to a greater total than all 8 years of Reagan. And what to show for it? Everything is worse.

The country divides into two groups: Those who remember what the Carter years felt like and those who will find out.

Cherry pick dates? Now post the results under Clinton's watch, and follow up with those of G W Bush. Spin the numbers anyway you please, the fact remains Reagan & Bush II were both fiscally irresponsible.
Did the Congress pass the budgets? Yep; but Reagan & Bush II signed them. If the GOP cared about deficit spending, it's never been apparent nor can it be proved with statistics. The fact is our government continues to spend beyond our means. Unless revenue is increased, or spending reduced, we are headed for disaster.
The GOP controlled both houses of Congress and the White House from 2001 until 2007. That is a fact. Our economy went to hell during that period of our history. Another fact.
To much is going to the few; to little is going to the many - this is not healthy. Anyone who has read history understands - maybe this is why Texas chose to rewrite history in their purchase of secondary education text books. But I digress. It is now time for the hue and cry of "Commie, he's only interested in the redistribution of the wealth!".
Let the fools rush in...

 

[Truthmatters]

They don t want facts they want lies to keep them believing what their mommy and daddy told the US was when they were twelve.


They cheer and asshole who started wars and never paid for them and then crashed the entire world economy with their handing of the system to big business.

Lets remember the Cheney fuck and suck plan of energy management. He let the energy barons write our energy laws and then hired inspectors to fuck and suck their lobbiest.


The result was mine and oil rig disastors that KILLED American workers so the Barons could save a fucking dime.


There Hero Bush crashed this world economy and left the biggest fucking mess in decades and then topped it off with the biggest man made ecological disastor we have ever seen.

So what do the cons do with all this information? They pretend Obama is spending for NO FUCKING REASON.

Every con is a lying piece of shit or delusional.

Facts dont mean a damned thing to them.

 

[Flaylo]

Reaganomics is fiscal Jesus

Reaganomics was fiscal bullshit, its the blueprint for fiscal disaster and the template that conservatives follow which makes Reagan responsible for why the country has a fucked up deficit, all traces of Reaganomics needs to be eliminated from American economic policy.

Who is going to kill it?

The DEMS?

WAKE UP.

There are no heros in this nightmare, folks.

Anybody inclined to heroism on behalf of the people was vetted from power long before they could do any damage to the cleptocracy that has ruled this nation since before your grandfather was born.

We Americans must not give up hope that this system can be changed, of course the system can be changed.

 

[Truthmatters]

The only way it can be changed is if the idiots who vote republican stop doing the bidding of the corporations who own this country.