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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (59407)2/15/2009 9:33:07 PM
From: TimF3 Recommendations  Read Replies (2) of 224756
 
When taxes were higher during the pre-Reagan years, the national debt, as a % of GDP, steadily declined from its post WW2 peak.

I prefer the economy of the Reagan years to that of the 70s. Its true that Regan failed to reign in spending to go with the tax cuts, but his tax cuts and tax reforms where one of, perhaps the most important and successful government economic policies of the 2nd half of the 20th century. (The most important and successful if your measuring in absolute real dollar terms, perhaps not so much as a percentage of the economy, with some smaller economies going through even more successful reforms)
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