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Technology Stocks : Ascend Communications (ASND)

ASND 206.29

+3.2%

Nov 13 3:59 PM EST

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To: uu who wrote (31879)	1/23/1998 4:34:00 PM
From: Dee Jay	Read Replies (1) of 61433

Addi, you think Reagan's economic policies are now coming to fruition? Yes, they are - he tripled the national debt in his term of office, and Bush couldn't help but add to it because of itnerest payments. then Bush got killed because of Reagan's deficits when he was forced to recant his "read my lips - no new taxes". Reagan wrecked the possibilities for a balanced budget for more than 12 years by spending like crazy and cutting taxes at the same time. Voodoo economics they were then and they remain today. And he's a hero for that? His policies did incalculable harm to the economy and generations far into the future who'll have interest rates double the rate of inflation for as far as the eye can see. for all their grandiose spending plans in the 60s the Democrats were PIKERS compared to this guy's profligacy - reduce your income but triple/quadruple your credit card spending. Is that idiotic or what?

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