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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (91714)	5/21/2025 11:09:34 PM
From: roto	Read Replies (1) \| Respond to of 97471

If my memory serves correct, Reagan doubled the Nat'l debt during his time in office. What the political consequence that had to happen was that in 1985, the "Gramm-Rudman-Hollings Act, became US federal law designed to reduce the national deficit". Reagan could not take credit for something Congress made law. Later, the Omnibus Budget Reconciliation Act of 1990 (OBRA-90) was a United States federal law passed to reduce the federal budget deficit. This in all likelihood cost Bush1 his re- election.. "Read my lips: no new taxes" (in addition: Ross Perot's 3rd Party candidacy). Clinton's Omnibus Budget Reconciliation Act of 1993 was again federal law to pass tax increases to reduce the federal deficit. So, what happened? During Clinton's presidency the nat'l debt was paid down & was projected to be retired by around 2012. The "Party of Reagan" fought Bush1 & Clinton. I am not sympathetic to anything the republican's think best for our country.