Some Explanation for the Deficits – Quit Cutting Taxes
…pressure on the debt ratio.8 The nation’s fiscal pictured changed in 1981 when President Ronald Reagan enacted the largest tax cut in U.S. history,9 reducing revenues by the equivalent of $19…
…pressure on the debt ratio.8 The nation’s fiscal pictured changed in 1981 when President Ronald Reagan enacted the largest tax cut in U.S. history,9 reducing revenues by the equivalent of $19…
…down to 50% early in the Reagan administration and 28% late in the Reagan administration; then up to 31% under George H.W. Bush; etc. Of course I gave a more…
Reagan Judge Gets Poetic In Slapping Down Donald Trump’s Effort To Rewrite The Constitution – Above the Law Seattle-based district court Judge John Coughenour — appointed to the federal bench…
…mystically turned to the demonstrably ineffective private sector. Reagan’s election in 1980 was seminal. The US was going to support its fossil fuel industry rather than developing new technologies like…
…Reagan as some kind of saint/savior of the nation. These presidents were the Democratic heroes of progressive policy which the party intentionally walked away from because that Mighty Wurlitzer with…
…in advance. So Ronald Reagan convened the National Commission on Social Security Reform, generally referred to as the Greenspan Commission, to head off the predictable financing problem. Following the Commission’s recommendations,…
From an article in the NY Review of Books: “ . . . the 94 percent marginal tax rate [Reagan] was theoretically subject to an income above $200,000, though in…
…idea gained momentum after Congress passed the Voting Rights Act in 1965, and gradually came to include people of color and women who demanded equality. In 1980, Ronald Reagan rode…
…have been possible without President Ronald Reagan and the USA’s economic engagement. Reagan knew that millions of people suffered under Soviet oppression – both in Russia and in the countries…
…down again. This dynamic changed beginning with Reagan’s “supply side” budget cuts of the early 1980s. Only during Clinton’s Presidency during the prosperous 1990s was debt generally paid down again…