Washington Spending 101: How to Stop the Explosion of Debt

During the Reagan years,the debt increased to nearly $3 trillion,“roughly 3X's as much as the first 80 yrs of the century had done altogether.”

Reagan enacted a major tax cut his 1st year in office and government

revenue dropped off precipitously.

Despite the myth that

tax cuts somehow increase revenue, the government went deeper into debt

and Reagan had to raise taxes just a year after he enacted his tax cut.

Despite 10 more tax hikes on everything from gasoline to corporate

income,Reagan was never able to get the deficit under control.

Thats because they never but SPENDINGS. Theres still wars going on etc...

This applies evweywhere

You can save a lot of money by NOT implementing the Star Wars program.

Reagans spending was almost all military

Laffer Curve...

Reagan couldn't balance the budget because the second half of his reforms (welfare) didn't get passed and he was embroiled in the Cold War.

so this is why they Alzheimered him. He should have kept his mouth shut

Wow, that was really stupid.

fact!