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Effect of Reaganomics?

from Musab Shaheed (shaheed81@worldnet.att.net)
Dear Mr De Long:

I understand perfectly what you meant because I noticed it with everyone who talks about Reagan, but arent there some solid facts to show that Reagan really hurt the US in the longer run than what he helped... I am not disagreeing that he brought more jobs, and the average american was getting payed better than what he used to during Carter's Presidency, what i am arguing is that when Reagan decided to initiate all these programs, including all these new jobs, the american budget was really unfit to support these people yet they didnt know it. Just because you create more jobs, lower taxes, and there is more money out there, that does not necessarily mean that money was generated by the economy,maybe some of it was, but for the most part all that money came from america's budget which in turn increased the deficit not to mention that Reagan also increased Military spending like a madman cause "USSR" needed to be defeated. I know this is a very long subject but sometimes, I dont think people think in the long run. Just as long as they have more money than last year, dont have to pay as much taxes, all what you'll hear out of them is "I'm living life, I dont care about anyone else" Clinton aint the best of presidents either...

Sincerely Musab

(posted 8772 days ago)

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