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Politics : Did Slick Boink Monica?
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To: Janice Shell who wrote (2379)1/27/1998 4:55:00 PM
From: Zoltan!  Read Replies (3) of 20981
 
>>Who gave us the staggering national debt that we've no hope of working off in our lifetime. Brilliant guy: cut taxes, increase defense spending bigtime. Makes sense, works every time.

Reagan era debt addition is far smaller than FDR's was as a % of the economy and it too shall diminish in time. At least Reaganomics worked, the New Deal was a big failure despite far larger debt (as a %) until WWII saved FDR. The $7 trillion in Cold War spending should be on FDR's tab too, since it was his failure that caused it.

You seem to forget that we now have the Reagan Peace Dividend as a result of the end of the Cold War. That's what is actuially balancing the budget - reduced defense. That will also more than pay for any Reagan era deficits many times over.

And I'll bet you were one of those laughing when Reagan said we would win the Cold War!
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