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


To: RMF who wrote (68460)12/21/2013 9:33:09 AM
From: jlallen  Read Replies (1) | Respond to of 71588
 
Read the Constitution.....Congress spends. Congress is responsible for the deficits. The fault lies with both parties.



To: RMF who wrote (68460)12/21/2013 3:32:01 PM
From: TimF  Read Replies (1) | Respond to of 71588
 
Not that Reagan's deficits didn't matter but they where much smaller then Obama's, even as a portion of the economy (and more obviously in nominal or even real dollars).

Also large deficits are worse if you have more debt, to start with. Earlier presidents running large deficits don't give a new president an excuse to run much larger deficits, they rather create extra reason to have to have spending under control.



To: RMF who wrote (68460)12/24/2013 1:31:00 PM
From: TimF  Read Replies (2) | Respond to of 71588
 
Reagan was hardly the father of modern deficits. The real father was FDR both because of the deficits he ran (the biggest by far, but to be fair he had good reason for them), and because he started the biggest spending government program (and quite a few other government programs).