Bush92
GHBush1992
- May 23, 2014
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Indeed. Communism does not produce "capital" ...capitalism produces "capital" and that is the military spending that was required to win the Cold War. Reagan understood this. Democrats thought to East, West order of geo politics was infinite. Reagan understood communism days were numbered.So what you are trying to say is, that Reagan not only doubled the debt, he trebled it..Ok thanks for the 411...So did Reagan, and other presidents...He was successful in doubling the national debt in 8 years. In fairness, we must give credit where it is due.
Comparing Obama and Reagan is like comparing apples and aardvarks.
1. Reagan purchased a victory over the Soviet Union...
2. And this:
1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.
http://online.wsj.com/article/SB10000872396390444914904577621083163383966.html
http://en.wikipedia.org/wiki/Reaganomics#Fiscal_consequences
Try not to sound so ignorant in the New Year.
Gads, you're a fool
At the point where Reagan took over, everyone imagined that the Soviet Union was unstoppable, their world domination was inevitable.
Reagan beat them without firing a shot and also left office with this gift for America: a golden age of economic benefits for every American.