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Politics : Formerly About Advanced Micro Devices
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To: Scumbria who wrote (112321)5/24/2000 4:59:00 AM
From: hmaly  Read Replies (1) of 1571091
 
Scumbia Re...<<<<<Did you know that the US accumulated more debt in the first four years of the Reagan Administration than it did in the 200+ years prior to that? Reagan's budget director (David Stockman) warned Reagan that his tax cuts and increased spending plans would have this effect. <<<<<<

Scumbia, the tax cuts did indeed result in a short term increase in deficit spending rate; however if you look at the long term, the country has experienced a historic recovery; and it is this recovery, not some belief that congress learned how to control themselves, which has caused the budget surpluses. You seem to favor a return to Carter economics.
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