Under Reagan, we tripled our national debt. Our whole debt problem started with the Reagan tax cuts & a slashed capital gains tax.
Reagan’s own budget director, David Stockman, called the Reagan tax cuts a “Trojan horse for the rich.”
In 1981, the Reagan “revolution” and tax cuts began. In October 1987 the stock market crashed. Sense a pattern here?
Dick Cheney said that Ronald Reagan “proved that deficits don’t matter.”
After FDR put in financial regulations, we didn’t have a banking crisis until the S & L scandal of the 1980s.
The only modern Presidents to submit a balanced budget were Jimmy Carter & Bill Clinton.