To: tejek who wrote (743288 ) 10/2/2013 11:25:15 AM From: longnshort 2 RecommendationsRecommended By FJB TideGlider
Respond to of 1576865 Democrats for Dictatorship But the continuing resolution (CR) fight is well worth the price, for what the fight has revealed about the Democrats, if the low information voters out there would just put on their thinking caps and pay attention. Republicans have now passed three CRs to fund the government. President Obama and the Democrats have just sneered at them, and pronounced that they are the ruling class, and do not need to stoop to negotiate with Republicans about it. President Reagan served his entire 8 years in office with a Democrat majority House run by the partisan Democrat Speaker “Tip” O’Neill. Reagan never refused to negotiate with O’Neill and his House Democrats. Reagan had them over to the White House to talk to him all the time. Consequently, Reagan got a lot done with them. They refused to even consider any entitlement reforms (payola for the Democrat political machine). But Reagan succeeded in getting them to agree to serious reductions in domestic discretionary spending. Reagan got through the Democrat-controlled House in his very first year $31 billion in spending cuts, close to 5% of federal spending then, which would be the equivalent of about $175 billion in spending cuts today. And those cuts were co-sponsored by a House Democrat! In constant dollars, non-defense discretionary spending declined by 14.4% from 1981 to 1982, and by 16.8% from 1981 to 1983. Moreover, in constant dollars, this non-defense discretionary spending never returned to its 1981 level for the rest of Reagan’s two terms! By 1988, this spending was still down 14.4% from its 1981 level in constant dollars. Even with the Reagan defense buildup, which won the Cold War without firing a shot, total federal spending declined from a high of 23.5% of GDP in 1983 to 21.3% in 1988 and 21.2% in 1989. That’s a real reduction in the size of government relative to the economy of 10%. President Reagan also got through Tip O’Neill’s Democrat-controlled House a 25% across the board cut in federal income tax rates for everybody, compromised down from the 30% cut he campaigned on. Then in his second term, he worked with the long-time Democrat Chairman of the House Ways and Means Committee to achieve bipartisan support for the most sweeping tax reform in American history. As a result, during his time in office, President Reagan slashed the top federal income tax rate from an abusive, confiscatory 70%, all the way down to 28%, the greatest tax cut in world history. As a result, the economy which the Democrats had left in shambles in the 1970s, with double-digit inflation, double-digit unemployment and double-digit interest rates, took off after a couple of years in the greatest economic boom in world history. Inflation was reduced to negligible levels at the same time, which all the Democrat poobahs said would be impossible, and federal tax revenues doubled as a result .