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Showing posts with the label Budget Deficit

The Enduring Delusion...

Rational Nation U S A Purveyor of Truth Ronald Reagan presided over both a recession and great job growth, and, he told us government was not the solution, that it was the problem. He lifted American's spirits and made us feel good about our nation again after the Iran hostage crises and Jimmy Carter. He said that economic growth created by lower taxes and less regulation would create the rising tide that would lift all boats, and so he oversaw a reduction in top tax rates from 70% to 28%. He raised taxes too during his tenure in the White House, 5 times, yet the federal debt tripled from 994 billion to 2.9 trillion . He talked about reducing the size of government and getting it off the backs of the American people, yet he actually only reduced the growth of government. And, he increased defense spending to levels not seen since WW II. Since 1980 and the Reagan "conservative" Revolution the GOP has been preaching the same gospel to achieve growth and prosperity, l...

Obama Winning the Debate on Cutting the Budget Deficit...

by: Les Carpenter Rational Nation USA Liberty -vs- Tyranny The Republican Party leadership, those who guide the political strategy in Washington, need to take a long look at what the public is saying. When a USA TODAY/Pew Research Center Poll shows a majority of Americans, including republicans as being more supportive of Obama's plan for cutting the deficit than their own party's plan for the future it certainly spells trouble for limited government/fiscal stability advocates. Having a good sensible plan and marketing it well is certainly something the republican leadership has failed to do, on both counts. WASHINGTON — President Obama starts his second term with a clear upper hand over GOP leaders on issues from guns to immigration that are likely to dominate the year, a USA TODAY/Pew Research Center Poll finds. On the legislation rated most urgent — cutting the budget deficit — even a majority of Republican voters endorse Obama's approach of seeking tax hikes as...