Quote:
Originally Posted by White Rabbit
Reagan oversaw the largest increase in descretionary spending in American history - only to be outdone by GW Bush.
Reagan also passed the largest tax increase in American history.
And that Soviet build up that Reagan was supposedly trying to counter? It was made up by the CIA out of thin air.
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Good economic and fiscal policy does not necessarily mean tax decreases. It also has to do with how the taxes are leveled and what the tax money is spent upon. I say this even though I hate high taxes myself.
The world wide economy grew during the 1980's, but the US economy grew faster, on average. Given the importance of the Federal economic policy in the USA, I would say the Reagan economic policy have to have been good. It could have been better, but then, tax money was needed for example for the military.
I have never heard that conspiracy theory about the CIA making up the Soviet Union threat. Where can I read more about it?
Reagan was not only out to counter Soviet military spending, one of the goals was to try to make the Soviet Union bankrupt by making it spend too much money on the military to counter US spending. This was a goal that the USA reached.