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re: More anecdotal evidence of price increases on everything.
Posted on 4/7/24 at 7:03 pm to ronricks
Posted on 4/7/24 at 7:03 pm to ronricks
quote:
Reagan spent like a drunken sailor. He spent more than any president before him.
You got downvotes but you are partially correct. Reagan spent a lot, doubling or quadrupling the National Debt, but he did it with specific purposes and intent.
The Star Wars Initiative spending spree led to the technology boom of the early 90’s. An investment that paid off well, it just took time and some was wasted by the Clinton Administration wandering off the investment plan for their own agenda.
Reagan essentially bought our way out of the stagflation caused by previous administrations, plural. But Reagan did raise the debt to record setting levels at the time.
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