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Old 08-26-2009, 04:09 AM  
kane
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Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
Quote:
Originally Posted by spunkmaster View Post
Every budget Reagan submitted to congress was balanced but the Democrat Congress created the deficits.
While it is the liberal NY Times there is some nice info here.
http://www.nytimes.com/2009/04/26/opinion/26cannon.html

Here are some highlights:

"Mr. Reagan?s substantial public backing enabled him to persuade a Democratic-controlled House to pass his tax and budget bills."

and this one

"Unfortunately, Mr. Obama also shares with Mr. Reagan a tendency to indulge in best-case economic scenarios. Mr. Reagan never submitted a balanced budget to Congress. Spending as a share of gross domestic product increased to a high of 24.4 percent during the Reagan years, and the national debt quickly hit $3 trillion."

So maybe he didn't submit balanced budgets after all.
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