Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: x

Didn’t any of you people live through the Reagan years?

You GROW your way out of debt. Works every time.


14 posted on 11/06/2013 8:28:20 PM PST by Liberty Wins ( The average lefty is synapse challenged)
[ Post Reply | Private Reply | To 9 | View Replies ]


To: Liberty Wins
You GROW your way out of debt. Works every time.

The Devil's Bargain Reagan made, however, included looking the other way on spending increases Tip O'Neill's House demanded. Reagan felt he had to do that to get the military expansion he wanted, but it led directly to a DC culture of never saying no to any social spending expansion, ever.

So we never successfully grew our way out of the debt. We did grow - but the debt grew even faster.

18 posted on 11/07/2013 8:59:17 AM PST by Mr. Jeeves (CTRL-GALT-DELETE)
[ Post Reply | Private Reply | To 14 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson