Quote:
Originally Posted by doucanoe
Your not attempting to make comparisons in deficit spending from the Reagan era to what we are seeing today, really... are you? From a spending stand point, you could easily label Bush as a big spending dem also could you not?
Comparing some of our most recent presidents, it appears that Clinton held our countries fiscal situation in pretty good form but some of that was smoke and mirrors also attributed to a slight swing to the center and spending being held in check by congress.
Argue the merits of Reagan's policies all you want but I personally don't see the comparison an honest and accurate one. We're definitely in a nasty pickle but thats a bit of a stretch I think.
If a persons weight could be viewed as deficit spending, it would be the equivalent of comparing the health ramifications of a 175 lb healthy guy to a 1800 lb dude with diabetes and heart disease eating the same triple cheese burger.
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I'm basically saying what David Stockman recently said in the piece that Eddie linked to.
http://www.nytimes.com/2010/08/01/op...tonwoodssystem
Today's GOP continues to insist upon the virtues of Reagonomics. Dubya was the first President to launch a war (two actually) without a plan to pay for it.
Correction - his plan to pay for it
cut taxes. We're living the legacy of Reagan's ridiculous economic policy.