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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (42603)4/8/2010 4:03:33 AM
From: RMF  Read Replies (1) of 71588
 
Reagan TRIPLED our National Debt.

It took 200 years to get to the debt we had when Reagan got in there and only 8 years for him to TRIPLE it.

If Carter had been reelected in 1980 we would ALSO have seen revenues INCREASE tremendously by the end of his term in 1984.

And I'm pretty SURE that he wouldn't have run up our National Debt the way that Reagan did.

A BLIND MONKEY could have increased revenues tremendously after the FED had squeezed out inflation and started lowering rates around 1982.

The AMAZING thing with Reagan is that he had all those EXTRA revenues yet STILL increased our National Debt so much.
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