Reagan on the Budget

[Space Racer]

Ronald Reagan gives us a word of advice in 1975:

[2sac]

Doesn't get any simpler than that.

[glennac]

Contrast the great American President Reagan with that alien Marxist anti American we have in office right now. It is unbelievable. There is no comparison at all. What a shame. Thank you, thank you very much

[cehs]

Our current POTUS wants to out do Robin Hood....
.

[-80guru]

Robin Hood had it right
Potus has Robin Hood wrong

[netsalt]

Then of course what he actually did.

[printer2]

Doesn't get any simpler than that.

Unless you take into account that in 1975 inflation was 10% and that now it is under 2%. If the government reduces its spending too much you end up taking your economy from a growing one into a shrinking one where no one will spend more than they need to which further reduces the economy. While the government does have to get its finances in order you can not ignore what it will do to the economy.

[54885488]

Then of course what he actually did.

I would like to see the same chart with obamas years added .And even better would be a chart with the unemployment numbers there to .

[cehs]

Didn't Clinton GUT the military to balance the budget?
Isn't that Obama's track also?
.

[corny]

Army 1989 769,000

Army 1993 572,000

Army 2001 480,000

Sounds like someone was doing some gutting of their own pre clinton.

Sure...the clintmeister maybe made a few boo boos in what he cut here and there... but as far as the amounts he cut.... he cut no more than the Bush Sr. admin had projected needed to be cut.

[madhat]

U.S. Constitution

Article 1 Section 8


(Clause 1 – Power to tax and spend)

[The Congress shall have Power] To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

The President cannot fund or defund the Military, the only one who ever did this was Abraham Lincoln. Which was a clear abuse of power. Congress has never let that happen again.

[Space Racer]

Then of course what he actually did.

Revenues increased during the Clinton presidency because of

1. The Dot Com boom of the 1990's, which crashed in 2000.

2. The Republican Contract with America, which held Congressional spending in check. If not for this, Clinton proposals would have increased welfare spending.



http://commons.wikimedia.org/wiki/Fi...to_2009%29.png

[netsalt]

But...But...But... Why didn't Ronnie just say NO? Maybe because it is not so simple?