Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article

To: rottndog
In 1981, shortly after taking office, Reagan lamented "runaway deficits" that were then approaching $80 billion, or about 2.5 percent of gross domestic product. Within only two years, however, his policies had succeeded in enlarging the deficit to more than $200 billion, or 6 percent of GDP.

The deficit is now 500 Billion in 2006 dollars. The 200 billion that actually grew to over 350 billion in 1986 is the equivilent of almost a trillion in today's dollars. So get off you damned high horse.

342 posted on 07/10/2006 9:50:49 PM PDT by Texasforever (I have neither been there nor done that.)
[ Post Reply | Private Reply | To 337 | View Replies ]


To: Texasforever; rottndog
The deficit is now 500 Billion in 2006 dollars. The 200 billion that actually grew to over 350 billion in 1986 is the equivilent of almost a trillion in today's dollars. So get off you damned high horse.

Add to that rott'n, spending during Reagan's eight years was up around 22.5% of GDP. It's been around 19.5% for Bush.

352 posted on 07/10/2006 9:55:49 PM PDT by FreeReign
[ Post Reply | Private Reply | To 342 | View Replies ]

Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article


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