Reagan did those things and covered his ass by tripling the debt. He destroyed the middle class in the process
ROFLMNAO! That is ADORABLE!
"Reagan tripled the debt".
One of my all time favorite myths. And such is never more HYSTERICAL than where a proponent of the 6 TRILLION DOLLARS IN DEFICIT SPENDING OVER 6 YEARS, by those who the brayers of 'DEFICIT SPENDING" voted... TWICE!
The same guy that just Executive Ordered up ANOTHER 2 TRILLION ON DEFICIT SPENDING, IN ONE EO! (Amnesty).
Almost triple for sure. Those pesky facts get in the way of repubs all the time....
National Debt Graph by President
"And so it had. Starting with a debt of $1 trillion, in eight years Reagan raised it to $2.8 trillion."
And the thing is, when St Ronnie ran against Carter he railed against the trillion dollar national debt!
Remember this hypocritical speech?
"Our national debt is approaching $1 trillion. A few weeks ago I called such a figure, a trillion dollars, incomprehensible, and Iāve been trying ever since to think of a way to illustrate how big a trillion really is. And the best I could come up with is that if you had a stack of thousand-dollar bills in your hand only four inches high, youād be a millionaire. A trillion dollars would be a stack of thousand-dollar bills sixty-seven miles high."
-Ronald Wilson Reagan
By the time he left office, the national debt, which had been āapproaching $1 trillionā had more than doubled to $2.7 trillion, and the stack of thousand-dollar bills that had been 67 miles high was now 193 miles high and rising fast. Interest payments on the debtāāover $90 billionā in 1981āwere just shy of $200 billion in Reaganās last year in office.
Yep... and if Reagan had had an American Congress, the US would have had a balanced budget with no US debt at the end of his second term.
Of course the Left loves to transfer the responsibility for congressional spending onto Reagan, but they can never find the means to give Credit to Reagan for his Economic policy which took US GDP from 2.4 to 4.8 trillion dollars, significantly lowering the stifling inflation of the Carter Years, caused by the devaluating consequences of giving money away, passed by the socialists legislators during the Johnson Administration through "The Great Society".
But sadly, with Socialists running the legislature, monies desperately needed to run the nation, were being used to sustain the otherwise able-bodied Leftist constituency, so, as Reagan used the budget to execute his Constitutional Duties, the left borrowed money to bribe their constituency, doubling the deficits and growing the national debt exponentially.
As has been noted many times, the Deficits created by Tip O'Niel's Congress during the 8 years of the Reagan Administration, were insufficient to equal those that the Socialist Congress had spent in deficit since they'd come to power in 07, by the beginning of the second year of obama's cult, having now more than doubled the national debt in just 6 short years.