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To: central_va
I said nothing about tax cuts. I was 100% in favor of those tax cuts at the time.

A Federal budget has TWO parts: revenues and expenditures.

Total federal revenues doubled from just over $517 billion in 1980 to more than $1 trillion in 1990. In constant inflation-adjusted dollars, this was a 28 percent increase in revenue.

Why don't you post this item from the next section of that report:

Federal spending more than doubled, growing from almost $591 billion in 1980 to $1.25 trillion in 1990. In constant inflation-adjusted dollars, this was an increase of 35.8 percent.

So tax revenues grow by 28% and spending grows by almost 36%. You're actually going to sit here and present that as an example of fiscal responsibility?

72 posted on 08/11/2021 10:30:08 AM PDT by Alberta's Child ("And once in a night I dreamed you were there; I canceled my flight from going nowhere.")
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To: Alberta's Child
Yes it is important to tell the WHOLE story. Reagan was promised spending cuts he did not get them.

The '82-'83 tax cuts were fiscally responsible and more then paid for themselves, the spending was not. You can't just categorically say Reagan was fiscally irresponsible. That is BS.

73 posted on 08/11/2021 10:34:56 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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