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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (1037526)	11/8/2017 4:17:04 PM
From: zzpat	Read Replies (1) \| Respond to of 1574006

President Carter put Voucher in the Fed and the Fed killed inflation with high-interest rates which slowed the economy until we went into a deep recession. The Fed literally threw us into two recessions in a row, one in 1980 and again in 1981. Reagan had nothing to do with killing inflation which crippled the US economy under Nixon, Ford, Carter and the first few years of Reagan. The man who saved us was Voucher and President Carter gave us Voucher. Reagan taught republicans how to explode the debt, nothing more, nothing less. The debt nearly tripled under Reagan, meaning he created nearly 3x more debt than all previous presidents in history combined. He was the least responsible president in history. Even after years of tax increases, he couldn't undo the horrors of the debt he wanted Congress to create. History will damn him for all time. Democrats raised taxes under President Clinton and the deficits fell like a rock until we had budget surpluses. Clinton also used Paygo, something Bush and the Democratic Congress created to ensure every tax cut and spending program was paid for. Bush 43 undid Paygo so tax cuts and spending were not paid for and the debt doubled again. Then the economy collapsed and the debt soared. Rest assured there isn't one republican in the US who grasps the seriousness of what his debt from tax cuts has created.