Reagan Budget Director: ‘Absolutely’ Raise Taxes, Just Like Reagan Did

[underpants]

http://thinkprogress.org/2011/05/01/stockman-absolutely-raise-taxes/


STOCKMAN: Absolutely. In 1982, we were looking at the jaws of the worst recession since the 1930s. We overdid it in 1981, cut taxes too much. We came back with a big deficit reduction plan in 1982. Unemployment’s at 10 percent, the economy is in dire shape, and we raise taxes by 1.2 percent of GDP, which would be $150 billion a year right now — not 10 years down the road — but right now


42 second VIDEO at the link

[Old and In the Way]

1. Different Republican party in the 80's.

Today's version is a bunch of gutless ideologues who'd rather sink this country than admit that their single idea of taxcuts is creating the economic problems this country is struggling with.

[madrchsod]

2. 1980 i was out of a job until my wife and i started our own business

around 85-86 things were getting better and by 88 i was back into my trade.

yup! these republicans today wouldn't `t nominate reagan to be the dog catcher

[checks-n-balances]

3. True, but at the same time, they praise Reagan to the skies

when it suits their purposes. They either are ignorant of how he modified his policies, or choose to ignore them.

[madrchsod]

4. i live in the hometown of reagan...

there`s a statue of him on a horse in the middle of our riverfront plaza.