Originally Posted By: Sol
Remember what happened to the price of airline tickets when Ronaldo de-regulated the airline industry?

F'n Republicans.


I also remember when he turned out the Mental Hospitals onto the streets, took away school lunches from children, and implemented Trickle-down Reaganomics.


"A major contributor to the budget deficit was the impact of the tax cuts during the first five years of Reagan’s presidency. He gave $750 billion in tax relief to individuals and corporations. Thirty-five percent of all the individual tax relief went to the top five percent income earners of the country. The average person making $15,000 a year ended up paying $100 more in federal taxes than before the first Reagan cuts went into effect; however, those with $200,000 in annual earnings received an additional $20,000 in tax relief.

While creating significant revenue reductions, Reagan also increased military spending by $123 billion in his first budget, and aggregate military total of $2.3 trillion in military spending for his first five years in office.

Reagan campaigned against the federal bureaucracy, vowing to reduce the size of the federal government. However, after Reagan's two terms, spending by the federal government was one-quarter higher, factoring out inflation, than when he got there; the federal civilian workforce had increased from 2.8 million to 3 million; and federal spending, as a share of Gross Domestic Product, had decreased by one percentage point to 21.2 percent."