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Elroy Jetson

02/26/06 7:33 PM

#22221 RE: Relentless Despot #22220

That's right. That's why the Federal budget deficit exploded under Ronald Reagan.

He too was counting on magic to expand the economy and pay for the tax cuts. . . . Too bad it didn't work.




After decades of a declining Federal budget deficit, as a percentage of GDP, Ronald Reagan changed direction and spent money like a drunk.