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The End of the Reagan Era?

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

Editor’s note: A longer version of this article first appeared at American Spectator.

With Barack Obama’s second inauguration, liberals are touting an altogether new epoch: the end of the Reagan era.

Unfortunately, I believe they are largely correct. We are witnessing a period of left-wing ascendance, marked by gay marriage, forced taxpayer funding of abortion, an exploding government class, and