Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RMF who wrote (849973)	4/15/2015 12:09:42 AM
From: i-node	Read Replies (1) of 1576251

If you actually knew the history you would not be confused about this. Long before he was elected Reagan had made clear that he believed there was a window of opportunity to end the Cold War by breaking the USSR in an arms race. That required spending money but it also generated massive savings in the 90s, which could never have occurred had Reagan not spent the money to end the Cold War: "Defense spending stood at 6.8 percent of GDP at the height of the Reagan defense buildup. But, beginning even before the breakup of the Soviet Union it began a decline, reaching below 6 percent in 1990, below 4 percent in 1996 and bottoming out at 3.5 percent of GDP in 2001, about half the level of 1985." So, over time, we more than got that money back. It was, without any question, the most sensible spending the nation has undertaken in our lifetimes. Nutjobs don't want to give Reagan credit for anything of course. But the reality is that he was responsible not only for ending the Cold War but for much (more than 1/3) of the budget deficit reduction in the 1990s.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next