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Politics : Formerly About Advanced Micro Devices

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To: RMF who wrote (955769)	8/11/2016 12:39:32 PM
From: i-node	2 Recommendations Recommended By Stock Puppy TimF Read Replies (2) of 1574300

>> Reagan is the guy that STARTED this whole Deficit Spiral thing that has BURIED the U.S. under $19 TRILLION in DEBT. Actually, the routine doubling of national debt (the sum of all deficits) began eight years earlier going from 425B to 900B in the eight years ended 1980. Before Reagan got there. Since that time it has routinely doubled every eight years. 1972 $427 Billion 1980 $907 Billion 1988 $2600 Billion 1996 $5224 Billion 2004 $7379 Billion 2008 $10024 Billion 2016 $18151 Billion Now, Reagan did spend an additional 75B/year during his term in rebuilding the military and to break the Soviet Union. But in doing so, he ended the Cold War which yielded a peace dividend in the 90s amounting to about 1/3 of the deficit reduction during the Clinton years. A wash (other than the fact we got extremely valuable technology out of it). So, Reagan didn't "start" the devastating trajectory for our deficits. Those were started as far back as Nixon and Reagan temporarily increased them during his term. In the interest of getting the history right

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