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CARTER GREW THE ECONOMY MUCH BETTER THAN REAGAN
16 Jul 2014 1:52 pm
RichClem » 16 Jul 2014 1:00 pm » wrote:But the fact remains, Reagan managed to shrink government spending by 2% points over eight years.
You sure do get nasty when anyone dares to criticize your boy Ronny.Spending
In 1980, Jimmy Carter's last year as president, the federal government spent a whopping 27.9% of "national income" (an obnoxious term for the private wealth produced by the American people). Reagan assaulted the free-spending Carter administration throughout his campaign in 1980. So how did the Reagan administration do? At the end of the first quarter of 1988, federal spending accounted for 28.7% of "national income."
Even Ford and Carter did a better job at cutting government. Their combined presidential terms account for an increase of 1.4%—compared with Reagan's 3%—in the government's take of "national income." And in nominal terms, there has been a 60% increase in government spending, thanks mainly to Reagan's requested budgets, which were only marginally smaller than the spending Congress voted.
