Originally Posted by
RoyBacon
Yep wars definitely was partially to blame. Welfare expansion was another as was his thirst to fund green energy donors.
But I do muse how you criticize Reagan for running up a relatively small deficit that eventually turned into a surplus. The return was massive, unlike we have ever seen since.
Even one of Reagan's own thinks the Tax Cuts are BS. Enough with Reagan already.
Co-Founder Of Reaganomics, Paul Craig Roberts
Paul Craig Roberts
Plunder Capitalism
I deplore the tax cut that has passed Congress. It is not an economic policy tax cut, and it has nothing whatsoever to do with supply-side economics. The entire purpose is to raise equity prices by providing equity owners with more capital gains and dividends. In other words, it is legislation that makes equity owners richer, thus further polarizing society into a vast arena of poverty and near-poverty and the One Percent, or more precisely a fraction of the One Percent wallowing in billions of dollars. Unless our rulers can continue to control the explanations, the tax cut edges us closer to revolution resulting from complete distrust of government.
https://www.silverdoctors.com/headli...rutal-plunder/