In response to:

Paul Ryan Could Make History By Resolving Reagan's Regret

jacdew Wrote: Aug 22, 2012 8:50 AM
Agree with Rachel98 on removal of roadblocks, but we also need to reduce or eliminate agencies. Why continue the Department of Education? As long as EPA has the ability to define their role (fox guarding the hen house) they will always be a 'fear factor' to economic development. And the duplication/overlap between agencies must be eliminated. Don't believe Defense should be exempted from 10% reduction. Does anyone believe there is no waste or fraud in defense? Waste and fraud is inherent in any government program, i.e. privatize (much less waste and fraud) social security and medicare.

"I’ve been asked if I have any regrets. Well, I do. The deficit is one.” — Ronald Reagan’s farewell address.

When Ronald Reagan was elected president the Dow Jones Industrial Average hovered around 1,000 (less than 2,800 inflation adjusted) — and had dipped, under President Carter, as low as 759. Unemployment stood at an unacceptable 7+%. The Soviet Union was aggressive, bellicose, and, in the eyes of the Western policy elite, could be but contained, not challenged. At the end of Reagan’s eight years in office, the Dow had tripled in value, on its way much higher. Job growth was vibrant....