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Politics : Moderate Forum -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (5460)	1/7/2004 12:07:15 AM
From: tsigprofit	Read Replies (1) \| Respond to of 20773

that is true. Supply side economics were supposed to allow Reagan to increase military spending, cut taxes, and balance the budget. Instead, deficits went up from around 75 billion - which Reagan said was totally unacceptable before he took office (under the evil socialist Carter...) - to over 200 billion - and peaking at 280 billion or so under Bush I. Clinton came in, raised taxes - (and the repubs in Congress like Gingrich all voted against this - and said the economy would go into a deep recession...) Result: late 90s saw the first budget surpluses in many decades. Experiment worked. I say this demonstrates that Clintonomics worked, and Reaganomics failed. I voted for both of them at one time. One worked better, and helped the majority of Americans to advance - raising all boats.