Reagan raised taxes to appease the Democrats who promised cuts in spending in return.<quoted text>
Yes, I'll agree the GOP Congress deserves credit for balancing the budget and keeping spending in check during Clinton's time in office.
But that raises the question... why were they so tight with Clinton while giving Reagan and both Bushes everything they wanted?
The answer is simple. Spending is what makes politicians popular. So GOP motives were based more on whittling down Clinton's chances for re-election and his legacy than anything else. Try to remember they went after him throughout the six years they held the majority, even impeaching him for lying about an extra-marital affair.
The same GOP which let GW Bush off the hook for launching a war of aggression based on lies.
Returning to the spending issue, the enormous deficits we have today started with Reagan, slowed greatly under Clinton, then went wild again under GW Bush.
The strength of a nation is greatly based on its wealth. Well, you Republicans are mostly to blame for the state we're in. You're only frugal when it hurts the political opposition.
To suggest the rot began under Clinton who added only 1.6 trillion to the natonal debt, compared to the 5.7 tallied by GW Bush is sheer nonsense, and you know better.
True to form, they backed down on their part of the bargain.
You can't forget 111 Democrats voted for the Iraq War. In fact, it was they who were lying to the American public when they said they were denied access to the same Intel. They, of course, were privy to the same Intel.
The economy was actually doing well under Bush's economic policies after 9/11 and before the housing bubble burst.
He can't be blamed for that when more Democrats resisted oversight of Fannie and Freddie for five years leading up to the crisis in spite of multiple warnings by both Bush and Bernancke.
It's where we are now that counts though. It's frankly not logical to blame Bush for increasing the deficit by a fraction of the present deficit increased by Obama and Congressional democrats.
But it's getting late, so goodnight.