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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (68477)12/29/2013 2:18:09 AM
From: RMF  Read Replies (1) of 71588
 
I think Reagan WAS the father of "modern" deficits.

FDR was probably the first president to advocate government intervention in the national economy with things like the WPA and Social Security but I think those things actually did a LOT of good for the country's economy and had they been judiciously handled would not have led to the type of debt problems we are facing now.

A $1 Trillion Dollar national debt in 1980 could have been handled quite easily with our economy at that time.

The problems began in earnest when the Reagan Administration started making $200 billion+ yearly deficits the NORM.

And you'll probably answer that by saying the Democrats controlled Congress during the Reagan Administration but they ALSO controlled Congress during MOST of the "previous" Administrations and we never really saw that big build up of debt PRIOR to Reagan.
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