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Thread: Change You Can Believe In

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    Quote Originally Posted by CatholicCrusader View Post
    Obama has been president for 8 years - he created the problem, Einstein.

    In fact, Reagan's tax cuts caused the greatest recovery since WWII. Go learn something.
    It doesn't take an "Einstein" to know that the federal debt to GDP ratio in America ballooned from 32.5% at the end of the Carter Administration (1980) to 53.1% at the end of the Reagan Administration (1988) - an increase of 20.6% ($1.87 trillion)!

    The Reagan "tax cuts" never produced the economic recovery that "CatholicCrusade" would have us believe - if it had the federal debt to GDP ratio would have decreased under his Administration, not increased.

    The Reagan "tax cuts" resulted in a massive upward transfer of wealth to the top 10% - paid for by the generosity of the other 90% of American society.

    The Reagan "tax cuts" were largely based on federal borrowed money - the last Republican president to balance a budget was Dwight Eisenhower.

    http://www.icyte.com/system/snapshot...942/index.html

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    Last edited by serpentdove; January 13th, 2017 at 10:22 AM.

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    Last edited by serpentdove; January 17th, 2017 at 11:16 AM.

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    Last edited by serpentdove; January 18th, 2017 at 09:42 AM.

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    Last edited by serpentdove; January 19th, 2017 at 11:51 AM.

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    Last edited by serpentdove; January 20th, 2017 at 10:51 AM.

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    Last edited by serpentdove; January 24th, 2017 at 10:16 AM.

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