that provided a great laugh.
Thanks
Now that you are done laughing...you may want to point out how that isn't true.
Along with the Reagan bailouts..Reagan's economy was a fraud. Which isn't surprising because he committed treason to get the job in the first place.
Yes I understand congress didnt play any role and tip was completely honest in the cuts in spending.
LMAO
Reagan cut taxes without getting accompanying spending cuts and thus began the triple digit deficits.
Reagan got re-elected anyway, and thus began the political mindset that you could be fiscally irresponsible without political consequences.
GW Bush confirmed that when he returned us to triple digit deficits by cutting taxes TWICE while starting 2 wars, and returning us to triple digit deficits, and got re-elected anyway.
When Dick Cheney said deficits don't matter, he was referring to the POLITICAL consequences of running deficits, meaning, like Reagan and Bush, you could get re-elected despite being fiscally insane.
Now, because of Reagan, we are in the tax cut death spiral, and BOTH parties (more the GOP than the Democrats) are caught in it. Politicians are now incapable of raising taxes, no matter how much sense it might make at any given time (such as during TWO wars)
AND politicians are incapable of resisting the temptation to cut taxes even more, and,
politicians are incapable of cutting spending unless its the other guys' spending they can cut while protecting their own.
