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Our country is in dangerous waters right now with our huge deficits and debt. Ronald Reagan tried the experiment in the 1980s and it failed. Cut taxes and then, all the extra revenues from the growth will more than make up for whatever deficits that might appear. But it didn't work out that way. It ended up with the working people paying more in taxes to make up for what was given to the wealthy - even taxed unemployment benefits.
Then along came Dubya in 2000 and he revived the failed policies of Reagan and cutting taxes - with the intent of making government smaller. The media should have reminded people that it had been tried and failed. Even Reagan knew it had failed. The Social Security Commission that raised FICA taxes on working people was primarily the reason the deficits were brought under some control in the 1980's. Dubya thinks "big government" is still too big. He's still trying to wrestle it into the bathtub so he can drown it.
When Poppa Bush left office, he had the largest deficits in history, at that time. "Read my lips" became his siren song. But Bill Clinton came along with fiscally responsible ideas, with the assistance of the technological revolution, and was able to get the deficits under control, and in fact, was running a huge surplus when he left office.
But the media said nothing when Dubya got the old ideas of supply side out of the mothballs. And we are where we are today. If they had only reported the danger of his policies???
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