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To: Irontank
The national debt when Reagan took office was 780 billion dollars. When he left office it was 2,100 billion dollars.

The national debt under Reagan nearly trippled. Under Reagan federal spending doubled.

The national debt when Bush took office was 5.7 trillion. Under bush the national debt has not even doubled... let alone nearly trippled as it did under Reagan.

The Reagan apologists used to say that Reagan was going to spend all the money so there would be nothing left for the Democrats to spend when they got in power.

Reagan blamed the spending on Democrats ... but he did not veto their spending bills. He just signed them... late at night.....under cover of darkness.

9 posted on 03/27/2006 3:06:54 PM PST by Common Tator
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To: Common Tator

And what was the difference in real numbers?


16 posted on 03/27/2006 3:12:07 PM PST by stands2reason
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To: Common Tator
The national debt when Reagan took office was 780 billion dollars. When he left office it was 2,100 billion dollars. The national debt under Reagan nearly trippled. Under Reagan federal spending doubled. The national debt when Bush took office was 5.7 trillion. Under bush the national debt has not even doubled... let alone nearly trippled as it did under Reagan. The Reagan apologists used to say that Reagan was going to spend all the money so there would be nothing left for the Democrats to spend when they got in power. Reagan blamed the spending on Democrats ... but he did not veto their spending bills. He just signed them... late at night.....under cover of darkness

You have to remember , the Democrats controlled both houses of Congress and Tip O'Neil always declared everyone of Reagans budgets DOA. Reagans tax policy brought in more tax dollars, but the Dems went back on their "word" in the budget deals and spent every cent of it. Now we control both houses of Congress. Both Bush ( for not using the veto ) and more to their shame, the Republican Congress are to blame

26 posted on 03/27/2006 3:30:11 PM PST by Codeograph
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To: Common Tator; Irontank; All
US GDP 1975(1998 dollars): $1,630.60 billion
Federal spending: $332.33 billion
Federal debt: $541.9 billion
Median Household Income
(current dollars): $11,800
Consumer Price Index: 53.8
Unemployment: 8.5%
Cost of a first-class stamp: $0.10 ($0.13 as of 12/31/75)

The GDP today is 11.750 trillion dollars. Reagan deficient 6%, Bush deficient 2.9%

34 posted on 03/27/2006 3:49:20 PM PST by jec41 (Screaming Eagle)
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To: Common Tator

Ah, using the old percentages game to make a point. Reagan built up the military and also managed to cut taxes while digging us out of the hole that Nixon and Carter had gotten us into.

As a POTUS with a democrat controlled Congress, he did okay in my book.


55 posted on 03/27/2006 4:25:07 PM PST by misterrob (Islam is a hate crime)
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To: Common Tator

You can't come on this thread and state facts......


95 posted on 03/27/2006 8:19:25 PM PST by Osage Orange (Molon Labe)
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