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17 May, 07:21

Why was Ronald Reagan's presidency so successful?

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  1. 17 May, 11:01
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    I have to ask you if you really think the question is true or not. Personally I don't.

    He did things that made Americans happy. He initiated massive tax cuts. These tax cuts were very significant.

    He tried and in many cases succeeded, in cutting entitlements (health care, social security almost everything but defense) another good move. Let the pampered baby boomers pay their own way.

    He abandoned the basic philosophy of the left which from 1930 to the first year of his first term in office (1981) and enacted the principles of the right (the conservatives). I don't even have anything against that, providing you have a humane president.

    So what's my problem? Why don't I stand up and sing hosanna like the rest of the world? My problem is not with him. My problem is with the debt. He was the first one to go on a massive spending spree (mostly on defense), the consequences of which will be felt very shortly. That debt is going to eventually rear its ugly head and demand we do something. But what? If you divide the debt by the American population you find out that every man woman and child in America owes 60000 dollars. That isn't to be divided by family. That is divided by person.

    Do you have brothers and sisters? Each one of them can be dinged (and you) for that 60000. There are 2 of us. I cannot come up with 120,000 dollars, and if I can't many others can't either.

    That is also Reagan's Legacy.
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