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Politics : Formerly About Advanced Micro Devices

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To: Brumar89 who wrote (1047635)	1/11/2018 10:40:33 AM
From: zzpat	Read Replies (2) of 1576835

Allow me to give you one example of why CATO can never be trusted. CATO The only economic variable that was worse in the Reagan period than in both the pre- and post-Reagan years was the savings rate, which fell rapidly in the 1980s. The productivity rate was higher in the pre-Reagan years but much lower in the post-Reagan years. Cato forgets to mention two things; 1) Reagan promised to balance the budget and 2) the debt nearly tripled under Reagan. These facts prove that Reagan used government debt to create the illusion of growth, creating nearly 3x more debt than all previous presidents combined. Cato is mindless drivel.

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