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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Joe NYC who wrote (132157)2/9/2001 4:07:23 PM
From: Scumbria  Respond to of 1570143
 
Joe,

I think you inadvertently stumbled on the answer to your question about the deficits and debt, and why Johnson was the last president to have balanced budget. (Actually, we came close under Nixon in 1974)

The answer is much simpler. Ronald Reagan believed in Voodoo Economics. He borrowed a couple of trillion dollars to stimulate the economy.

Scumbria