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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: d.taggart who wrote (142427)	5/4/2001 9:24:23 AM
From: Scumbria	Read Replies (1) \| Respond to of 769670

D., Reagan came to Washington in 1981 with an apparent mandate from the voters. The Republicans had just seized control of the White House and the Senate, and had made significant gains in the House. Even so, he had a tough sell of his radical plan of tax cuts and military spending hikes. It wasn't until after Reagan got shot in April that the Congress went weak kneed and voted for his budget and tax plan. Look what happened. Receipts immediately dropped by 3% and spending increased by 8%. The country was headed for bankruptcy. receipts spending 1982 617,766 745,755 1983 600,562 808,385 That is why Congress then passed (and Reagan signed) 3 large tax hikes to try bring the budget under control. But it was too late. During the next 12 years of Reagan and Bush the National Debt went from 0.8 trillion to 3.3 trillion dollars. deficit 1981 -127,989 1982 -207,822 1983 -185,388 1984 -212,334 1985 -221,245 1986 -149,769 1987 -155,187 1988 -152,481 1989 -221,229 1990 -269,361 1991 -290,404 1992 -255,110 Scumbria