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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: Bread Upon The Water who wrote (136846)9/3/2013 7:13:55 PM
From: tejek  Read Replies (1) | Respond to of 149317
 
It's mixed bag according to Wiki---not that I pretend to understand all of this article. But Gross Domestic Product (GDP--the measurement of all goods and services an econmy produces) and revenues rose during the Reagan Administration. We took on more debt too as a percentage of such from 2.65% under Carter to 3.03% under Reagan.

Reagan cut taxes, but the rates were still higher than the are today--as far as I can figure.


This simple chart pretty much says it all:



zfacts.com