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Politics : PRESIDENT GEORGE W. BUSH
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To: ecommerceman who wrote (126415)2/10/2001 1:28:16 AM
From: Neocon  Read Replies (2) of 769670
 
Budget Myths

President Reagan entered the White House with an attitude of working honest deals with the Congress on spending. He wanted more defense spending, lower entitlement spending, lower tax rates which would boost the economy (and thus revenues) and seemed to achieve that agreement with Congress in both 1981 and 1982. However, despite getting concessions on taxes, congress never once cut spending, and the actual budgets were higher than what Reagan asked for 7 out of 8 years. This attitude of "cut spending later" helped continue the debt trends that began under Ford and Carter. By the end of Reagans terms, debt had increased by $2 trillion.

We've all heard the myth: President Reagan asked for far more spending than congress wanted and/or congress actually spent less than what Reagan asked for...yet the truth once again tells a different story.

(For more on this, use this URL:

reagan.webteamone.com )
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