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Politics : Formerly About Advanced Micro Devices

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To: Broken_Clock who wrote (935085)	5/15/2016 1:07:36 PM
From: TimF	Read Replies (1) of 1573981

1 - The changes in and levels of deficits and national debt are important, but are far from the only criteria to use when evaluating a presidency. 2 - The deficits under Reagan were much smaller, in real per capita terms, and as a percentage of GDP then the deficits under Obama. 3 - As the blog post I posted stated - "The overall burden of government spending only fell by a small amount, but that number masks the fact that domestic spending was reduced significantly as a share of GDP during the Reagan years. That decrease was somewhat offset by a buildup of defense spending, but you can argue that the subsequent collapse of the Soviet Union meant this was a rare instance of government outlays actually generating a positive rate of return." and " it’s worth noting that deficits were relatively small by the time Reagan left office and the Congressional Budget Office predicted they would continue falling if his policies were maintained. Moreover, the 1980-1982 double-dip recession was the reason red ink expanded so much during the early Reagan years, and that was primarily the inevitable consequence of the reckless monetary policy of the 1970s."

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