Reagan raised taxes dozens of times, especially payroll taxes that hit the middle class hardest, and never once submitted a balanced budget. Most of what you hear about him is a manufactured myth.
Regan began with a dead economy and kickstarted it by cutting taxes, per the trickledown theory. When this didn’t work fast enough he restored the tax cuts and instead borrowed from the US to get money (=industry=jobs) into the economy. Net result was the tripling of the national debt. This worked out so well that from then on borrowing and raising the national debt was standard practice; the only president to reduce the national debt (over the objections of the Republicans. Remember what happened to Newt?) was Clinton.
There’s only one problem with trickle-down economics: it doesn’t consider the greed of those at the top, who decide not to let the economics trickle out of their hands. I think the middle class should have gotten the bailout. But then again, greed is not limited to the rich.
You people are insane, yeah, 20 TRILLION dollars of debt is good right? Why don’t YOU go out and do the same thing with YOUR personal budget. My god, yer idiots.
Nebulous Premium Member almost 12 years ago
Saint Ronnie said higher taxes were good.Why does the current GOP disagree?
thirdguy almost 12 years ago
Everything sounds better, after 2 dozen eggnogs.
Sisyphos almost 12 years ago
Looks like caroling and politics don’t mix.
tripwire45 almost 12 years ago
Same song, different party.
chizzel almost 12 years ago
Somebody needs to check the timing belt on this strip
Clotty Peristalt almost 12 years ago
Reagan raised taxes dozens of times, especially payroll taxes that hit the middle class hardest, and never once submitted a balanced budget. Most of what you hear about him is a manufactured myth.
tonygov almost 12 years ago
At least he submitted a budget……..
cccare56 almost 12 years ago
chizzel – the strip isn’t done any more. These are re-runs.
bostonEddie almost 12 years ago
Regan began with a dead economy and kickstarted it by cutting taxes, per the trickledown theory. When this didn’t work fast enough he restored the tax cuts and instead borrowed from the US to get money (=industry=jobs) into the economy. Net result was the tripling of the national debt. This worked out so well that from then on borrowing and raising the national debt was standard practice; the only president to reduce the national debt (over the objections of the Republicans. Remember what happened to Newt?) was Clinton.
bostonEddie almost 12 years ago
Humph—that got mangled somewhere…Regan actually ended the tax cuts that he started at the beginning of his term.
Vonne Anton almost 12 years ago
There’s only one problem with trickle-down economics: it doesn’t consider the greed of those at the top, who decide not to let the economics trickle out of their hands. I think the middle class should have gotten the bailout. But then again, greed is not limited to the rich.
GeorgeJohnson almost 12 years ago
You people are insane, yeah, 20 TRILLION dollars of debt is good right? Why don’t YOU go out and do the same thing with YOUR personal budget. My god, yer idiots.
vwdualnomand almost 12 years ago
didn’t jesse helms oppose any funding for hiv/aids prevention?