Who really increased the debt?

  • Posted by a hidden member.
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    Sep 25, 2011 4:23 AM GMT
    whoincreaseddebt.jpg

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  • Posted by a hidden member.
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    Sep 25, 2011 5:44 AM GMT
    Needless to say, the total increase to date is a weeee bit off concerning Obama.

    And another item - Reagan had a Democrat congress and Clinton had a Republican congress for six of his eight years. Credit where credit is due.
  • tokugawa

    Posts: 945

    Sep 26, 2011 8:02 PM GMT
    Reagan always preferred big tax cuts for the weathy over balancing the budget.

    President Reagan's Director of the Office of Management and Budget, David Stockman, said, "Kemp-Roth [Reagan's 1981 tax cut] was always a Trojan horse to bring down the top rate.... It's kind of hard to sell 'trickle down.' So the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory."

    see: http://en.wikipedia.org/wiki/David_Stockman#Office_of_Management_and_Budget
  • Bigolbear

    Posts: 528

    Sep 28, 2011 3:06 PM GMT
    These people did.

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