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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Little Joe who wrote (96586)4/17/2009 2:23:34 PM
From: koan  Read Replies (1) of 116555
 
Litle Joe, you need ot read your history. When Reagan took over as president the US owed less than 1 trillion dollars and we had a foreign exchange credit. Carter was only running deficits of 50 billion a year

Over the next 12 years of Reagan and Bush sr they added 3 trillion dollars to the debt quadrupling it.
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