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

To: ealgeone; Mr. K

Don’t forget the energy boom thanks to GHW Bush’s stabilization of the Middle East by booting Saddam out of Kuwait. Oil prices remained incredibly low for most of the decade.

Yet even then, even with all those advantages, Newt & Co. were unable to make a dent in the national debt.

Consider, on the other hand, Andrew Mellon, Sec Treas under Harding/Coolidge, who with proper cutting of the government and tax cuts shaved 1/3 off the national debt in 7 years.


23 posted on 09/07/2019 6:55:32 AM PDT by LS ("Castles made of sand, fall in the sea . . . eventually" (Hendrix))
[ Post Reply | Private Reply | To 14 | View Replies ]


To: LS
IF Social Insecurity wasn't on the books imagine the savings.

The budget estimates mandatory spending will be $2.841 trillion in FY 2020. Social Security was by far the biggest expense at $1.102 trillion.

Medicare was next at $679 billion, followed by Medicaid at $418 billion.

https://www.thebalance.com/u-s-federal-budget-breakdown-3305789

25 posted on 09/07/2019 7:00:36 AM PDT by ealgeone
[ Post Reply | Private Reply | To 23 | 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