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ProfessorGAC

(77,568 posts)
2. Same Thing As Reagan
Fri Jun 12, 2026, 02:40 PM
Friday

The economic growth in the 80s was preponderantly driven by borrowed money & massive defense spending.
That's why Bush 1 got saddled with a recession that required tax raises to drive government revenues which made recession worse.
The Failure has been living like a king off leverage his whole adult life. He thinks this is the way to do it, but unlike him, these borrowing have to be paid back.

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Exactly. snot Friday #1
Same Thing As Reagan ProfessorGAC Friday #2
Latest Discussions»General Discussion»Aftermath: The Economy Is...»Reply #2