Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (57324)	10/6/1999 8:39:00 AM
From: Brumar89	Respond to of 108807

Of course, budgets are proposed by the executive branch and funded by Congress before being signed or vetoed by the President. So of course, Congress could have reduced the overall size of the budget. My point is that the figures show that about 6/7 of the Reagan administration budget deficits would have occurred even if Congress voted to spend exactly what Reagan asked for. It's inaccurate for Reagan apologists to blame the big '80's deficits on Congress. Both Congress and Presidents Reagan and Bush were to blame. At one time, I used to consider Republicans the "grown-up party" of politics. The Dem's came up with big new spending programs and the Rep's worried about how we're going to pay the bills. Supply side economics ended that. I was personally disappointed in Dole during the last election. He'd kept his head during the Reagan/Bush years and fought to minimize deficits. But in order to gain the White House, he embraced Kemp and budgetary irresponsibility. The fiscal policies of the Reagan/Bush era would have wrecked our economy if maintained long enough. Who knows? They still may if we elect Presidents who believe deficits don't matter.