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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: zzpat who wrote (45825)	11/20/2017 1:41:14 PM
From: i-node	Read Replies (3) \| Respond to of 354949

>> Reagan nearly tripled the debt. He did not balance the budget. He had to rebuild the military. No doubt about that. And he did what he had to do to win the Cold War. It was a small price to pay (just like WWII expenditures by FDR were). But you should, and clearly do not, understand that our nation's debt comes essentially from two places: 1) We have spent $22 Trillion on the "War on Poverty" which has failed. Reduction in poverty is primarily through capitalism, which causes companies to innovate, hire, and create products that are in demand rather than those ordered by government. As a result, the poor have cheap goods like cell phones, cable TV, air conditioning, and other former niceties that are now seen as essential. 2) SS, Medicare, Obamacare, and pensions (private guaranties and government) have left the country about $100 Trillion in the hole. Unable to meet its commitments, all commitments that began life as liberal social programs. This pending 100 Trillion dollar nightmare is upon us over the coming decade, and not one aspect of it is a Republican initiative. Not one.

To: zzpat who wrote (45825)

11/20/2017 1:49:47 PM

From: koan

Read Replies (1) | Respond to of 354949

Yes, if you look at the graphs, Carter was running 50 billion a year deficits (seems quaint today :)>) and Reagan cuts taxes for the rich by 100 billion and increased defense spending by 100 billion and ballooned the debt to 250 billion where it remained for all eight years and the next four of Bush sr.

Those two added three trillion to the debt.

But Reagan did raise taxes on the poor by taxing social security.

He was a real sociopath. Typical Republican politician and the people keep voting for them. It blows my mind.

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Reagan nearly tripled the debt. He did not balance the budget.