Replies to post #22220 on Mohacsy's Safe Portfolio Member Forum

[Elroy Jetson]

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.