Reagan raised taxes dozens of times, especially payroll taxes that hit the middle class hardest, and never once submitted a balanced budget. Most of what you hear about him is a manufactured myth.
Regan began with a dead economy and kickstarted it by cutting taxes, per the trickledown theory. When this didn’t work fast enough he restored the tax cuts and instead borrowed from the US to get money (=industry=jobs) into the economy. Net result was the tripling of the national debt. This worked out so well that from then on borrowing and raising the national debt was standard practice; the only president to reduce the national debt (over the objections of the Republicans. Remember what happened to Newt?) was Clinton.
There’s only one problem with trickle-down economics: it doesn’t consider the greed of those at the top, who decide not to let the economics trickle out of their hands. I think the middle class should have gotten the bailout. But then again, greed is not limited to the rich.
You people are insane, yeah, 20 TRILLION dollars of debt is good right? Why don’t YOU go out and do the same thing with YOUR personal budget. My god, yer idiots.
Nebulous Premium Member over 11 years ago
Saint Ronnie said higher taxes were good.Why does the current GOP disagree?
thirdguy over 11 years ago
Everything sounds better, after 2 dozen eggnogs.
Sisyphos over 11 years ago
Looks like caroling and politics don’t mix.
tripwire45 over 11 years ago
Same song, different party.
chizzel over 11 years ago
Somebody needs to check the timing belt on this strip
Clotty Peristalt over 11 years ago
Reagan raised taxes dozens of times, especially payroll taxes that hit the middle class hardest, and never once submitted a balanced budget. Most of what you hear about him is a manufactured myth.
tonygov over 11 years ago
At least he submitted a budget……..
cccare56 over 11 years ago
chizzel – the strip isn’t done any more. These are re-runs.
bostonEddie over 11 years ago
Regan began with a dead economy and kickstarted it by cutting taxes, per the trickledown theory. When this didn’t work fast enough he restored the tax cuts and instead borrowed from the US to get money (=industry=jobs) into the economy. Net result was the tripling of the national debt. This worked out so well that from then on borrowing and raising the national debt was standard practice; the only president to reduce the national debt (over the objections of the Republicans. Remember what happened to Newt?) was Clinton.
bostonEddie over 11 years ago
Humph—that got mangled somewhere…Regan actually ended the tax cuts that he started at the beginning of his term.
Vonne Anton over 11 years ago
There’s only one problem with trickle-down economics: it doesn’t consider the greed of those at the top, who decide not to let the economics trickle out of their hands. I think the middle class should have gotten the bailout. But then again, greed is not limited to the rich.
GeorgeJohnson over 11 years ago
You people are insane, yeah, 20 TRILLION dollars of debt is good right? Why don’t YOU go out and do the same thing with YOUR personal budget. My god, yer idiots.
vwdualnomand over 11 years ago
didn’t jesse helms oppose any funding for hiv/aids prevention?