[crude77]

The Left derided Reagan's tax cuts as "trickle-down economics," but by slashing top rates from 70 to 28 percent, Reagan helped unleash 92 months of economic growth, create 18 million new jobs, and enlarge the gross national product by a third.

Exactly, and IIRC (and thats a big if) tax revenues boomed. Boomed for years as I recall. So, in the midst of unprecedented revenues how is it that we grew the debt.

Could it be that Congress screwed Reagan on the Spending cuts? Yes-that is what I remember.

[Ronaldus Magnus Reagan]

Exactly, and IIRC (and thats a big if) tax revenues boomed. Boomed for years as I recall. So, in the midst of unprecedented revenues how is it that we grew the debt. Could it be that Congress screwed Reagan on the Spending cuts? Yes-that is what I remember.

Yes, you are right. Here is a link to the yearly federal receipts.

http://www.taxpolicycenter.org/TaxFacts/TFDB/TFTemplate.cfm?Docid=200

Look at the decade of the 1980's and compare receipts and the outlays (right next to it). Amazing numbers, huh? BTW, this is the first post on FR that I've made since learning about the death of Ronald Reagan. I'm very sad as you can tell when you read my name that I use on FR.

[JayNorth]

Could it be that Congress screwed Reagan on the Spending cuts? Yes-that is what I remember.

They NEVER once mention any of that on the lame-stream media. I lived through that era. I remember the Democrat-controlled congress gleefully pronouncing Reagan's budget "Dead on Arrival" every year. Total tax revenues went UP during the Reagan administration. Unfortunately spending by the Democrat-controlled Congress went up even more. That's the truth of the matter. And you'll never hear even a mention of it anywhere but a conservative magazine or site.

If I hear one more "Reaganomics created record deficits" comment when these media outlets summarize his life I'm going to scream.