[vigabrand]

Originally posted by Arryn:

quote:

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Originally posted by vigabrand:
Sorry to burst your bubble, but those policies led to the good economy of the 90's.

You are massively clueless. If you think that deficit spending leads to a good economy you should talk to former Soviet economists. Deficit spending was the ultimate cause of the collapse of the USSR. The US (along with NATO) bankrupted them by forcing them to spend more on their military than they could afford. Contrary to Khrushchev's famous line "we shall bury you", we buried them -- in debt.

EDIT: what led to the good economy of the 90s was the so-called "peace dividend" when we dramatically cut back on how much money we spent on defense after the USSR collapsed. IOW, when we quit deficit spending.

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Your argument is based on a comparison to the USSR? You obviously don't remember the economy during the Carter years. Reagans policies pulled us out of the worst and kept us afloat until the economy was able to create a wider tax base. More people employed + higher paying jobs = more tax dollars. Yes the money saved from defence helped, but you leave out other great things, like welfare reform, the first balanced budget in decades, cutbacks to almost all social programs. You could look at the defense return as a result of Reagans investment in the military. Looks like the deficit spending was eventually fixed when congress cut their spending. Meanwhile the bandaid it gave primed us for the 90's. I'm no fan of deficit spending, but the fix is not raising taxes. BTW please keep your arrogant personal comments to yourself. I'd like to keep this civil.