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.
If we don’t give the wealthiest two percent of Americans their tax cut, how will they manage? Imagine the horror of having to live interest payment to interest payment, not knowing where your next million is coming from.
Even Joe Scarborough might have to become a migrant worker.
Are you listening, President Obama?