25 Apr 2014 8:32 pm
The longest time to maturity of bonds during Reagan's presidency was 11 years. He's been out of office for 25 years. I think the money he borrowed has been paid back.Cannonpointer » 24 Apr 2014 12:41 am » wrote:
Lol. I gotta throw any rock I can lay hand to.
It's too hard to judge Reagan's economy, unless we can agree on how to account for the fact that it has never been paid for - account for the fact that it set a new direction of borrow and spend, run up the debt, spend like Jesus is gonna fix it. It was a James Watt style presidency. How do we separate out how nice the dinner tasted from the fact that it STILL has never been paid for?
HOW DO WE CALL IT REAGAN'S ECONOMY, IF THE PEOPLE TASKED TO PAY FOR IT WERE NOT EVEN BORN YET? WASN'T IT THEIR ECONOMY, IF THEY ARE THE ONES PAYING FOR IT?
