I'm afraid that's the popular mantra, but it isn't true. Reagans policies DID work. Cutting the tax rates is what drove the tech bubble. Yes, it took time, but it did work. Business was willing to invest as were private individuals. When Slick Willie went after Microsoft that pricked the bubble and investor confidence collapsed. Bush 2 method was working for the most part, but between the wars and idiotic laws requiring banks to lend to unqualified applicants...you saw the result.
Yes, we need to increase revenue and cut spending. That's the only feasible answer. For the guy wondering why the other guy is better than the one in office now- that's you answer. The other guy will provide confidence for business to invest again and has the backbone to make some cuts, like means testing for SS and doing something about the fraud in Medicare/Medicaid. He's not the one I really want, but he's a heck of a lot better than the one that's in there now.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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