• Deja Vu !

    From Earl Croasmun@1:124/311 to Bob Ackley on Wed May 12 13:54:02 2010
    They *didn't* give him all he asked for. He asked for tax
    cuts *AND* spending cuts, congress (controlled by
    Democrooks, BTW) cut taxes and *increased* spending.

    False on multiple points.

    His tax cuts he claimed would pay for themselves. In which case
    spending cuts were not necessary. So, regardless of anything
    else, not cutting spending was not the cause, or even a
    contributing factor, to Reagan's failyre.

    In reality the tax cuts were proposed with the explicit expectation that
    they would cause LOST revenue. In hindsight they cost a lot LESS than expected, because of the added revenue from economic growth. That is all
    old news, of course.

    What is really hilarious is that this was the subject of a long, long
    thread in fidonet several years ago. Klahn started with the above
    position, and then went through a series of twists and evasions when pushed
    on it (Reagan didn't really say it but had others say it for him, he didn't really say it but he implied it, he didn't really say it but he allowed
    people to believe it, that sort of thing). That was the first time I got
    to see his lack of understanding and his inability to honestly carry a
    thread forward. And now he repeats it, having learned nothing. Seeing a flashback like this really brightened the day.


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