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To: John who wrote (64737)	9/14/1998 8:06:00 PM
From: John F. Dowd	Respond to of 186894

Dear John: Thank you!!! John Dowd

To: John who wrote (64737)	9/14/1998 8:15:00 PM
From: Scumbria	Respond to of 186894

The deficit did increase dramatically during the Reagan years. That was one of the costs of defeating communism. John, If you do some math on this, you will find that the growth in the national debt during the 1980's far exceeded the growth in military spending. The real problem was a total lack of fiscal discipline from President Reagan and the Congress. One wonders how much more the economy would have grown had that 1993 tax increase not passed, how many more jobs and how much more wealth would have been created. During the two years after the passage of the 1993 Deficit Reduction Act, Alan Greenspan became very concerned that the economy was growing too quickly. He believed that the unemployment numbers were dropping to an inflationary level. Your musings do not jive with the historical facts. Scumbria

To: John who wrote (64737)	9/14/1998 9:07:00 PM
From: StockMan	Respond to of 186894

Re -- The Reagan tax reductions are also directly responsible for the economy we now enjoy, which expanded dramatically during the 1980s and has never looked back (except for the S&L crisis, which hurt Bush. BS!! It was Paul Vocker at the FED and the treasury Secretary of the time. Also can you prove it. I think it was more like the World War II which started the Era of Prosperity. Stockman