Ronald Reagan: "Social Security has nothing to do with the deficit."
Via Market Watch 666, reader rjs points us to this piece of history:
Ronald Reagan: “Social Security has nothing to do with the deficit.”
Relevant and even prescient commentary on news, politics and the economy.
Bruce Krasting has taken his arguments with this over to the same post at MarketWatch 666, if any of the bears are interested…
frankly, our differences are so great it isnt worth my time to continue responding…
Holy Crap! Krasting and Don Levit in the samencomment thread. Life is WAY too short to try to comfront. that comedy duo.
Plus Krasting doesn’t have his facts right (still). The Trust Fund doesn’t seel bonds to get the cash for imterest, instead bonds are not created for that amount of interest taken in cash form. if anything he has the direction of flow backwards.
and note he made no attempt to back up his numbers even when politely given the relevant numbers nd simply asked to comment. Because he never does. he gets quoted here and there because it seems impossible that somone with that level of confidence combined with data points that seem rational is actually so,ethimg between an obsessed loon and an ouright fraud.
cant believe it; krasting took this to zero hedge to respond…
Reagan has a legacy so distorted by the Conservative idolization of him that we may never have a clear picture of the real man behind the television set beyond the elaborate myth now concocted around him. Did he really rid the world of commie scum? Did destroy or save our economy? Check out my portrait of The Gipper and help me figure it out on my artist’s blog at http://dregstudiosart.blogspot.com/2011/02/happy-100th-gipper.html with some Cold War Hollywood!
Brandt Hardin
Of course it is impossible to know if any “history” is honest, but what I have read Reagan rid the world of Commie scum by being nice to them, against the advice of all of his advisors who now say he did it by spending the Soviet Union into bankruptcy.
Reagan emerges from these stories as a kind of likable guy, not too smart, not well informed at all, but one who had a serious desire to avoid atomic war.
Unlike the neocons.