I see, there is no evidence of economic harm tied to the increase in the national debt, so you just assert that growth would have been higher, and voila, harm. Nice fantasy, lousy argument. As with a corporation, the issue is debt service, and we have kept it at a fiscally responsible level.
The fact is that every liberal Sovietologist predicted that Reagan would increase the strength of the Kremlin hardliners. Instead, we got Gorby, and kept him long enough for it to make a difference. If it had not been for Reagan's resolve to vigorously compete with the Soviet Union, there would have been no peace offensive, no reform, no dissolution of the Soviet Empire....... |