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Politics : American Presidential Politics and foreign affairs

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Jack Be Quick

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To: TimF who wrote (68459)	12/21/2013 1:44:35 AM
From: RMF	2 Recommendations Read Replies (3) of 71588

Yeah, there were all sorts of reasons. Nixon's monetary moves were considered rather ill-conceived in retrospect. But I consider Reagan the "Father of Deficits". Before him we were hanging around that One Trillion level and the idea of the National Debt rising by multiple Trillions during one President's term was UNIMAGINABLE. He made it common place. Since Reagan we've had 3 of 4 Presidents raise the National Debt by multiple Trillions... Part of that psychology was shown by Dick Cheney on national television in 2005 when he said, "Reagan proved that deficits don't matter."

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