Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: surfbaron who wrote (8131)	10/15/2002 12:23:22 PM
From: TigerPaw	Read Replies (2) of 89467

convinced Reagan was the big social spender Reagan was a big spender. I never said he limited his spending to social programs. He spent more on everything, and it was his own proposals too, he wasn't dragged by Tip ONeil into that briar patch. In fact, over the eight years of his presidency, Reagan asked Congress for $18.1 billion more in spending than was finally passed into law. sccs.swarthmore.edu There was one important part of Reagan's economic policy which was not as widely celebrated in public by the President and his economic advisors. The fall in tax revenue combined with massive defense outlays and spending cuts, which were totally insufficient to keep the budget in balance, created massive government deficits, the like of which our country had never seen in peacetime. Between 1980 and 1992, after 12 years of Reagan/Bush economic policy, the national debt nearly quadrupled to $3.5 trillion. Without the debt interest accumulated during the Reagan and Bush presidencies, the federal government would presently be running a surplus.

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