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Sava
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GO GO GO!
Mar 2001 time: 23:36
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quote: Originally posted by JohnT
Well, we had this debate a few years ago, but in my case that wasn't necessarily so, Sava. My family was flat-assed broke in 1980, very comfortable in 1989. | Yes, and your single case is representative of ALL OF AMERICA!
I'm not even going to waste a rolleyes on that one.
Verto: Rainbow? The right is so stupid when it comes to Raygun... Those economic policies were crap. Yes there was job creation, but they were lesser paying jobs. Wages stagnated, and he helped increase taxes for the middle and working classes. Yes, he spent one year cutting taxes, and the rest of his presidency raising them to pay for his massive deficit spending. There's not one bit of information that leads the objective person to believe Reagan did anything good... but the right worships him like he's Jesus ****ing CHrist. Reaganphiles are a bunch of dopes. But hey, most of them like Bush too. 
The problem is, it's impossible to have a reasonable debate about Reagan and his policies because all the morons are like, "OMG REGUN = GOOD OMG". And in absence of a reasonable debate, I feel it's my duty to call the morons, morons. 
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Verto

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quote: Yes, he spent one year cutting taxes, and the rest of his presidency raising them to pay for his massive deficit spending. |
From http://www.presidentreagan.info/reagan_budgets.cfm
Take it for what it's worth:
On average, Congress spent 2.8% more than Reagan asked for, while the cumulative (yearly compounding rate) was a whopping 24.5% more. If the budget in 1989 had been 24.5% smaller (i.e., 280 billion dollars) there could have been a surplus of about 130 billion dollars instead of a deficit. This is equivalent to a constant compounding increase of 2.8% every year during the 8 budgets above and beyond the previous year's spending. If anyone still thinks that is not a significant amount, they should ask themselves whether a balanced budget in 1989 would have been significant.

Sources:
Budget Message of the President, FY's 81 to 89
Budget of the United States, FY 1993, Part 5, Table 1.3, page 5-18.
Proposed outlays for 1981 from 1981 FY 1982 Budget Revisions
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MRT144
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Seattle Washington
Oct 2002 time: 21:36
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which is nothing verto, nothing
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All times are GMT. The time now is 05:36. Apolyton Time is 00:36. |
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