In response to:

The End of the Reagan Era?

IB4 Wrote: Jan 22, 2013 6:39 PM
Thank god Reagan was worthless
goldilocks Wrote: Jan 23, 2013 9:18 AM
MudontheTires Wrote: Jan 22, 2013 10:33 PM
"Thank god Reagan was worthless"

And who told you that? Khomeni?

Stupid prog.
IB4 Wrote: Jan 22, 2013 10:46 PM
The theory iknown as supply side economics, or Reaganomics, where if you give the wealthy tax breaks, they will turn their added income into jobs. The problem the "trickle down" theory is that the majority of those receiving tax breaks aren't creating jobs. Those that do create jobs, use the loopholes in free trade and the free market system and ship jobs overseas to other countries. It makes sense for them as a business because any time you can pay labor less your own profits will rise. If a business is able to pay a worker in China .30/hr compared to a living or even minimum wage in the United States, they will do so to increase their profit margin. While the business and their executives make a tremendous amount of money, it hurts the
christiancon Wrote: Jan 22, 2013 7:44 PM
When your reasoning is gone you resort to that? Weak.......very ....very very weak.........
IB4 Wrote: Jan 22, 2013 10:47 PM
President Bush cut taxes, especially on the wealthy, and according to the New York Times, "reducing revenues by about $1.8 trillion between 2002 and 2009." But as Bush cut and added, what Reagan did was even worse. Ronald Reagan came into office in 1981 with a national debt of just over $900 billion and left tripling the debt in the process. One of the leading causes of the debt exploding was because, while the government continued to spend, the revenue was no longer there to fund the programs. Reagan took a top tax rate of 70% in 1981 and cut it to 50% by the end of his first term in 1984. When Reagan left office after the 1988 elections the top tax rate was only 28%. With the government taking such a drastic pay cut, the only way it could
DrawTheL1ne Wrote: Jan 22, 2013 7:20 PM
oldervoter68 Wrote: Jan 22, 2013 8:06 PM
IB4 Wrote: Jan 22, 2013 10:03 PM
Possibly the greatest failure of Ronald Reagan was his war on workers, wage earners and the middle class. There was a time in the United States where only one parent had to work and children could go to college without massive debts holding them down. Jobs offered pensions where the worker knew they had something to look forward to when they were going to retire and unions were larger, protecting worker's rights across the board. Ronald Reagan, once a former union member, turned his back against working Americans and union busting was happening across the country
IB4 Wrote: Jan 22, 2013 10:05 PM
When Ronald Reagan came into office in 1981, the national debt was just over $900 billion dollars. Despite claiming to lower the debt during his campaign, by the time Reagan left office after the 1988 elections, the national debt has nearly tripled to $2.6 trillion dollars. While spending is expected and needed following a recession or depression, it's not expected when the candidate runs on cutting spending. In the eight years that he was in the White House, Ronald Reagan more than doubled the national debt that every single president before him had accumulated in the previous 200 years. George W. Bush deserves the majority of the blame for the fall of the U.S economy in 2008, but if it wasn't for Reagan laying down the foundation for econ
MudontheTires Wrote: Jan 22, 2013 10:35 PM
"the national debt has nearly tripled to $2.6 trillion dollars."

And that was after O'Neil and the progs had pledged to cut spending if President Reagans tax cut raised Federal Revenues.

Good Lord, you progs are stupid.
MudontheTires Wrote: Jan 22, 2013 10:37 PM
"There was a time in the United States where only one parent had to work and children could go to college without massive debts holding them down."

That ended long before Reagan was in office. Complain to your fellow communist LBJ.
Duke Nuk'em Wrote: Jan 22, 2013 6:46 PM
Mike ATX Wrote: Jan 22, 2013 6:42 PM
Does your comment make you feel better about yourself?