Ms_Ann
Circus McGurkus
- Joined
- Oct 15, 2016
- Posts
- 7,045
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No.
Even Reagan wasn't Reagan.
Reagan's theory that getting half a loaf is better than getting no loaf, resulted in the last opportunity this country had to turn its fiscal policy around. Social Security reform in the 80s would make it solvent now. It is now insolvent and past the point of no return. Unfunded liabilities for Social Security Medicare Social Security disability and Medicaid are so far past the Tipping Point that it can't possibly review recovered. We will continue to put off the pain as long as we possibly can but there is pain to be had it's just a question of when and who is going to feel it.
No.
Even Reagan wasn't Reagan.
Reagan's theory that getting half a loaf is better than getting no loaf, resulted in the last opportunity this country had to turn its fiscal policy around. Social Security reform in the 80s would make it solvent now. It is now insolvent and past the point of no return. Unfunded liabilities for Social Security Medicare Social Security disability and Medicaid are so far past the Tipping Point that it can't possibly review recovered. We will continue to put off the pain as long as we possibly can but there is pain to be had it's just a question of when and who is going to feel it.
National debt when Reagan took office: 1 trillion
National debt 6 yrs into Reagan's term: 2.3 trillion
National debt at end of Reagan's term: 2.9 trillion
For those that have a tough time with math....that is a 190% increase in 8 years.
I expect a similar rate.
National debt when Reagan took office: 1 trillion
National debt 6 yrs into Reagan's term: 2.3 trillion
National debt at end of Reagan's term: 2.9 trillion
For those that have a tough time with math....that is a 190% increase in 8 years.
I expect a similar rate.
Lowering taxes means increasing deficits. The only way to lower deficit is to increase taxes. No government has been able to solve that dilemma yet. In any country, under any system.
Wonder what he did with California's debt?
You are trying to say the present Congress....which is Republican led....with Trump's stated policies will be fiscally sound? Seriously....that is funny
He balanced the budget with several techniques, including cutting back severely on things like education and health and by raising taxes. He gave back some money to residents as one time offers but that was to appease those who were complaining about the rise in taxes.
http://capitalgainsandgames.com/blog/bruce-bartlett/2154/reagans-forgotten-tax-record
Should I say it?
Should I say it??
Nah....![]()
Of course you should.
Or not. I'm curious, but it may turn out to be something that'll just be disappointing.
That said, no, I think his similarities to Reagan may have already ended. Entertainment background? Check. Considered an intellectual lightweight not to be taken seriously? Check. Swung from party to party? Check. Surprise winner? Check. If he manages to adjust trade deficits and give US industry a kickstart, that would probably be viewed as Reagan-esque. But that's it.
Assessing with Assumptions,
Ellie
National debt when Reagan took office: 1 trillion
National debt 6 yrs into Reagan's term: 2.3 trillion
National debt at end of Reagan's term: 2.9 trillion
For those that have a tough time with math....that is a 190% increase in 8 years.
I expect a similar rate.
Virtually every major move and decision the Reagans made during my time as White House Chief of Staff was cleared in advance with a woman in San Francisco [Quigley] who drew up horoscopes to make certain that the planets were in a favorable alignment for the enterprise.
Former Reagan Chief of Staff Donald Regan: