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Politics : American Presidential Politics and foreign affairs
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To: RMF who wrote (43603)6/3/2010 10:38:52 AM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: "You ONLY have to look at Cheney's interview from a few years ago when he said, "Reagan proved that deficits don't matter" to know what's been wrong with the U.S. since 1980. When Reagan got elected the politicians STOPPED worrying about deficits but stll kept handing out bucks everywhere they could."

Yep.

Especially including Reagan himself... who NEVER EVEN ONCE in the eight years of his administration achieved a federal deficit as LOW as the one's Carter had each of his four years.... (DESPITE Reagan *loudly* running for election and reelection on 'how bad the deficits were'. <GGG>)

Re: George Bush I said "this is crazy" and raised taxes and Limbough and all the idiots jumped all over him and he got voted out.

(After eight years as Reagan's Vice President, Bush came into office, after running for election as a 'continuation' of the Reagan policies, and ran Reagan's terrible federal deficits up EVEN HIGHER AND FASTER. Amazingly bad economic mismanagement....)

Re: "Because of Ross Perot (and his charts) people started paying attention to all the debt that was accumulating and Gingrich and Clinton started making some wise decisions."

Yep.

Ole Ross actually did the country a very big favor by calling "bulls--t" on all of the policies that had run up the deficits so massively over the preceding 12 years. We then as a bnation nearly got a handle on the current account deficits over the next eight....)

Re: Then "Bush the Moron" came in and all bets were off. Greenspan was a BIG factor in all this. He first told Clinton we need to CUT the deficits then he told "idiot Bush" don't worry about it.

True.

It was all undone again over the second Bush's eight years... culminating in the WORST FINANCIAL COLLAPSE in nearly eighty years....
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