View Single Post
  #4  
Old 02-12-2018, 12:18 PM
finnbow's Avatar
finnbow finnbow is offline
Reformed Know-Nothing
 
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
Quote:
Originally Posted by whell View Post
They type of factually challenged article that you'd expect from WaPo. Bravo.

The article conveniently forgets that the primary reason the deficit "exploded" was spending...
Reading comprehension has never been your strong suit. The whole point of the article is that Republicans cut taxes while raising spending somehow believing that the tax cuts will somehow pay for the increased spending (which, of course, it never has), just as they're doing now. From the article:

As president, he signed it into law with the 1981 Economic Recovery Tax Act, which pushed through a 25 percent reduction in the marginal tax rate for individuals over three years. At the same time, Reagan spearheaded a massive military buildup that skyrocketed defense spending...

President George W. Bush showed that his father’s breed of Republicanism was out: Aided by a Republican Congress, he undid this balanced budget, passing two huge tax cuts despite starting two expensive wars. On top of it all, he also added a costly new prescription drug benefit to Medicare. He did so with fairly little conservative opposition: With a Republican back in the White House, deficits took a back seat to tax cutting and defense spending.
__________________
As long as the roots are not severed, all will be well in the garden.

Last edited by finnbow; 02-12-2018 at 12:42 PM.
Reply With Quote