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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (33233)	2/24/2009 4:03:51 PM
From: DuckTapeSunroof	Respond to of 71588

Re: "Real growth happened under Reagan" Yes it did. But you are conveniently forgetting the other half of the equation: MASSIVE INCREASES IN FEDERAL SPENDING AND FEDERAL BORROWING also happened. Thus: real increase in national debt (inflation-adjusted, measured as percentage of GNP). The debt and borrowing OVER-WHELMED the growth's benefits to the economy by his second term (as predicted), began seriously slowing the initial growth, and resulted in a MASSIVE INCREASE in national debt. BOTH SIDES OF THE EQUATION are required: GROWTH plus FISCAL PARSIMONY! (It ain't complicated.)