If you don't believe me, just go to the Brookings Institution's Taking Back our Fiscal Future page and the Center on Budget and Policy Priorities' A Balanced Approach to Restoring Fiscal Responsibility page, just up this week. You'll see a debate by the wonkiest wonks on how to
Reagan ran up more debt than all his predecessors put together and his spiritual son Dubya gave money to rich people who didn't need it with a purpose in mind: to make sure that if you face illness, old age, job loss and related risks that predictably all of us are likely to face in a lifetime, and you are not rich, you're on your own, baby, no matter how much you contributed.
Need proof Reagan and Bush actually knew what they were doing?
- "So we have the tax relief plan [...] that now provides a new kind -- a fiscal straightjacket for Congress. And that's good for the taxpayers, and it's incredibly positive news if you're worried about a federal government that has been growing at a dramatic pace over the past eight years and it has been." (President Bush, August 24, 2001)
- "John Anderson tells us that first we've got to reduce spending before we can reduce taxes. Well, if you've got a kid that's extravagant, you can lecture him all you want to about his extravagance. Or you can cut his allowance and achieve the same end much quicker." (Candidate Ronald Reagan in 1980)
Now you know and you can't say no one told you.