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Mr President
#10
Motley Wrote:I agree. Unless you are upper-middle class or upper class in the 1980's your morale wasn't that high. He raised taxes 11 times in office. Top earners incomes increased but middle and lower class incomes were nearly frozen while he was in office.

He tripled the national debt. Obama hasn't even doubled it. (not that I brought him into this)

Iran/Contra & spending billions on the Freedom fighters in Afghanistan.

By the way, I thought we didn't want someone born on foreign soil to be our President? (Cruz)



LOL were you even here then? Life during President Reagan seemed like getting out of jail after the misery of the Carter years. Reagan's 'triple' has happened every one year cycle of the Obama era. I bet the labor statistics as calculated under the the new system meet with your complete satisfaction. In other words, cooking the numbers seem to be of little consequence to you when attempting to validate this President's abysmal record on finance.


EXCERPT---
"The best metric is normalization to the size of the economy. As is clear from the figure below, under Reagan the federal debt increased from 30.8 percent of GDP in January 1981 to 49.6 percent of GDP in January 1989, for a total increase of 18.8 percent of GDP. By comparison, the federal debt under Obama has increased from 77.4 percent of GDP in January 2009 up to 101.3 percent of GDP as of the latest data release in July 2014, for a total increase of 23.9 percent."
Read more: http://www.americanthinker.com/blog/2015...z3VVjJw4Qq

Now, 49 percent of the GDP (under Reagan) means we were in clover compared to where we are now, over 100%. A debt to earning ratio that any economist will tell you is the formula for disaster. But, even that does not adequately define in real terms what we're talking about here with regard to the national debt comparison between Reagan (8yrs) and Obama (6 1/2 years and counting).

During Reagan's first four years the US increased debt total was a paltry 823 billion. The national debt clock ticks off more than that, a trillion plus, every 6 months right now. During Reagan's second four years we saw the debt increase just over one trillion. Mostly owing to the fact that Mr Reagan had to rebuild our barely functioning military, (the benefits of which we are still reaping BTW).

Under Obama thus far we have seen trillion plus debt increases each year. From 10.8 ish trillion in 2009 to over 18 trillion as of today. And he's not done yet by a long shot. And the military? A mere ghost of it's former self.

President Barack Obama on Monday unveiled a $4 trillion fiscal year 2016 budget that will add more than $6 trillion to the national debt over the next 10 years, lifting spending limits on national security and discretionary domestic spending. That is, assuming Congress adopts the proposal as is – which is very unlikely, according to House Budget Committee Chairman Tom Price, R-Ga.
http://www.usnews.com/news/articles/2015...016-budget
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Messages In This Thread
Mr President - by TheRealThing - 03-26-2015, 03:23 AM
Mr President - by Harry Rex Vonner - 03-26-2015, 03:28 AM
Mr President - by TheRealThing - 03-26-2015, 04:57 AM
Mr President - by Real Badman - 03-26-2015, 06:03 AM
Mr President - by Harry Rex Vonner - 03-26-2015, 04:22 PM
Mr President - by Hoot Gibson - 03-26-2015, 05:08 PM
Mr President - by TheRealThing - 03-26-2015, 05:26 PM
Mr President - by Motley - 03-26-2015, 05:42 PM
Mr President - by Harry Rex Vonner - 03-26-2015, 06:40 PM
Mr President - by TheRealThing - 03-26-2015, 06:48 PM
Mr President - by Real Badman - 03-27-2015, 02:52 AM
Mr President - by Hoot Gibson - 03-27-2015, 03:22 AM
Mr President - by TheRealThing - 03-27-2015, 03:50 AM
Mr President - by Real Badman - 03-27-2015, 04:26 AM
Mr President - by TheRealThing - 03-27-2015, 06:14 AM
Mr President - by RunItUpTheGut - 03-27-2015, 08:35 AM
Mr President - by TheRealThing - 03-27-2015, 05:19 PM
Mr President - by TheRealThing - 07-08-2016, 10:09 PM
Mr President - by jetpilot - 07-09-2016, 03:31 AM

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