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In a message dated 06/01/2000 4:39:17 AM Eastern Daylight Time,
omega-digest-request@xxxxxxxxxx writes:
<< yeah, yeah, i know, ronnie ray-gun signed off on those massive deficits
that were CREATED by a DEMOCRATIC HOUSE, ya know :))) >>
Nonsense. Read David Stockman's book for a detailed confessional of the true
perps of the 80's deficits. Read Friedman's "Day of Reckoning" for a
detailed comparison of Reagan's original 5 year budget plan versus what the
Democrats in the House appropriated. Turns out spending came to within half
of 1% of what Reagan's supply side architects asked for. The difference
between plan and reality was 100% in the predicted reveneues that failed to
come to pass, and the billions in extra interest on the debt that this
shortfall created.
Regards,
Richard Torgerson
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