A few economic highlights from the Reagan years:

"The CBO Historical Tables indicate that federal spending during Reagan's two terms (FY 1981 - 88) averaged 22.4% GDP, well above the 20.6% GDP average from 1971 to 2009. In addition, the public debt rose from 26.1% GDP in 1980 to 41.0% GDP by 1988. In dollar terms, the public debt rose from $712 billion in 1980 to $2,052 billion in 1988, a three-fold increase.

Reagan significantly increased public expenditures, primarily the Department of Defense, which rose (in constant 2000 dollars) from $267.1 billion in 1980 (4.9% of GDP and 22.7% of public expenditure) to $393.1 billion in 1988 (5.8% of GDP and 27.3% of public expenditure); most of those years military spending was about 6% of GDP, exceeding this number in 4 different years. All these numbers had not been seen since the end of U.S. involvement in the Vietnam War in 1973.

The federal deficit as percent of GDP was up throughout the Reagan presidency from 2.7% at the end of (and throughout) the Carter administration.[2][18] As a short-run strategy to reduce inflation and lower nominal interest rates, the U.S. borrowed both domestically and abroad to cover the Federal budget deficits, raising the national debt from $997 billion to $2.85 trillion.[19] This led to the U.S. moving from the world's largest international creditor to the world's largest debtor nation.[2

The job growth under the Reagan administration was an average of 2.1% per year, with unemployment averaging 7.5%. The unemployment averaged 6.4% under President Carter and 7.8% under President Ford.[

During Reagan's first term, critics noted homelessness as a visible problem in U.S. urban centers.[43] In the closing weeks of his presidency, Reagan told The New York Times that the homeless "make it their own choice for staying out there".[44] His policies became widely known as "trickle-down economics", due to the significant cuts in the upper tax brackets, as that extra money for the wealthy could trickle along to low-income groups.[45] Supporters pointed to the drop in poverty by the end of Reagan's term to validate that the tax cuts did indeed trickle down to the poor; opponents noted that the poverty rate quickly shot up even higher in the first year of his successor's term, implying that the full effect of Reagan's policies led to a net increase in poverty.[42]"

Wikipedia sources.



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So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.

Nick Hanauer addresses his Plutocrat position on wages.

https://youtu.be/q2gO4DKVpa8

 

and... anyone know how to embed a video?

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Great minds discuss ideas; Average minds discuss events; small minds discuss people.

Edited: 04/30/2016 at 11:45 AM by dab

Click share at the bottom of the page, once clicked, embed will appear, click embed, block and copy script.

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I was right.

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I was right.

Thanks Cole! Some reason that didn't work for me.....It shows up then disaapears......Kind of like a paycheck. 

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Great minds discuss ideas; Average minds discuss events; small minds discuss people.

I hear ya, there are times my machine won't let me post a link?

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I was right.