Originally posted by: ProfJohn
Originally posted by: Craig234
The funny thing is, the moment Reagan had power, he tried to push through a $20B cut to Medicare.
You mean Reagan tried to cut spending?
But you've been telling us for 20 years how Reagan went crazy with spending.
BTW Reality = Reagan wanted defense spending, Democrats wanted domestic spending, so they compromised and gave us both.
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In a sense, all this and other alternative realities operate. Reagan is dead but his stupidities live on as the debt and the distortions of reality linger on. While the questions of responsible governance remains too hot to handle.
In a sense, the Regan administration is and remains the new GOP model for how govern. And a new doctrine of spend and borrow has replaced GOP core values. Which allows the GOP to advocate without seeming to almost unlimited domestic and military spending under some somewhat lovable figurehead. While those handling the puppet President absorbed the one cogent lesson of watergate, namely don't get caught rather than don't do the dirty deed.
But unlimited spending does have a limited shelf life, sooner or later the debt catches up and becomes long term unsustainable. In somewhat of a irony, the very fellow who called
Reaganomics voodoo economics, namely GHB, had that reality descend on him. And as GHB was forced to, read his lips, raise taxes, that resultant tanking of the economy cost GHB a second term. Only to be replaced by an its the economy stupid fellow by the name of
Bill Clinton.
The point being, neither GHB or Bill Clinton were especially brilliant, but 12 straight years of failing to be stupid did the trick and the American economy recovered.
Paving the way for GWB&co. who embodied all of the stupidities of Ronald Regan with none of the charm. At least Ronald Regan surrounded himself with advisers who watched the evening news and peed their pants over seeing negative publicity. And GWB&co. frankly cares for nothing other than the power to do whatever they want.
The official debt figure is a mere 3.2 trillion, real figures will prove far higher, we are embroiled in at least two quagmires, we alienate allies and foes alike, and whomever wins POTUS in 2008 are going to be engaged in little else other than undoing the damages done to this nation by GWB&co.
While the GOP leadership seems to be still delusional, at least the American electorate seems to wants some changes. Firmly rejecting any and all GWB wannabees. As for the debt questions, I think it will be foreign capital markets that end the spend and borrow.
Even if we in the USA remain deep in delusion.
Discuss these realities or deny them is an option for P&N posters, reality is still real and GWB&co. spend and borrow has run out of time. The US economy may well tank before GWB&co. can slink out of office.
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