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Politics : Formerly About Advanced Micro Devices

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pocotrader

To: Jamie153 who wrote (1358907)	5/16/2022 6:45:25 PM
From: rdkflorida2	1 Recommendation Read Replies (2) of 1572705

Jamie, for the record, I was there, Clinton did it by raising taxes, used the "peace dividend" to reduce the growth of defense spending, and he "pared" back social spending. Reagan's big mistake, imho, was depending on tax cuts and supply side economics to grow the economy faster then spending would grow. Turned out it could not. Thus Reagan ended up almost tripling the debt. It's hard to get congress to stop spending. And I mean both parties. IMHO, a combination of Clinton/Reagan policies would work today.

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