The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChrisJP who wrote (25666)	12/7/2004 10:30:26 AM
From: Elroy Jetson	Read Replies (2) of 306849

It's really amazing that there are still people suffering from the delusion that Reagan cut government spending. Quite the opposite is true. Federal spending increased dramatically under his tenure while he paid for "tax cuts" with an explosion of debt. Let's take an unsentimental look at the Reagan Debt Bomb. home.pacbell.net When Reagan became President the Federal Debt was 26.5% of GDP. Reagan left the nation with a legacy of Federal Debt at 42.3% of GDP. I think the facts speak for themselves. Reagan's "tax cuts" paid for with an explosion of debt is a prime example of America's escape into fantasy. .

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