JackT wrote:Yeah, Reagan really put the brakes on that Carter juggernaut we had going.
Anti-Reagan is not Pro-Carter.
However, Carter tried to control government spending - the National Debt increased about 9% per year during his presidency, and his policies got inflation under control.
Under Reagan, the National Debt went from under $1 Trillion to $2.6 Trillion.
This was not to feed the poor or take care of the mentally ill (he cut federal spending for social programs and put the mentally ill out on the streets), or even to fund a war.
REAGAN CUT TAXES ON THE RICH BY 25% !!!
Bush Sr. slowed down what he called Reagan's "voodoo economics" - with the National Debt increasing by only 11.8% per year of his presidency.
Clinton fixed the budget problem - in hs first two years, (with a Democrat-controlled Congress) he set the roadmap for the nation's most prosperous times ever. Even with a hostile Republican Congress for the remaining 6 years, the Clinton Administration was able to balance the Federal Budget, and drive down the growth of our National Debt - which grew only 0.32% during his last year in office.
When W took office, there was a $128 Billion budget surplus. Because of his Reaganesque tax cuts for the rich and his quest for control of the Middle East Oil Reserves, Dubyah is going to leave the next President a $490 Billion deficit. I just checked the National Debt Clock. We're at $9,571,543,401,664.34
Republicans kick ass!