Quote:
Originally Posted by kane
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. |
liberal rag.
Reagan tried to force congress to spend less by cutting taxes. He cut taxes because it was the right thing to do. However, it didn't stop the congress from spending.