Dear Ed: "Pre-Reagan Economics" Is When The National Debt Was LESS THAN $1 Trillion. [View all]

[TrollBuster9090]

Note to Republican strategist Ed Rollins: You're not insulting Alexandria Ocasio-Cortez by saying she wants to go back to "pre-Reagan Economics." "Pre-Reagan Economics" is when the National Debt was LESS THAN ONE TRILLION. POST-REAGAN Economics is a National Debt of TWENTY ONE TRILLION dollars, you turd-helmet.

Let's just repeat that, shall we?
When Reagan entered office the U.S. National Debt was LESS THAN ONE TRILLION DOLLARS. He then changed the Tax Code to let the richest Americans off the hook on paying taxes, and by the time Reagan left office the National Debt had nearly TRIPLED!

And after four decades of the richest Americans NOT PAYING THEIR FAIR SHARE OF TAXES...the National Debt is now TWENTY ONE TRILLION DOLLAR!

But..but...didn't Reagan's tax cuts stimulate the economy? NO! The 1982 Recession was caused by Fed Chairman Paul Volker jacking the interest rates up to 20% in 1980. That would cripple ANY economy. Reagan then lowered the tax rates in 1981, AND NOTHING HAPPENED. The economy didn't recover until the following year, when the Fed LOWERED interest rates to 11% in 1983. Get it? Neither the Recession, nor the recovery had ANYTHING to do with TAX RATES.

Want proof of that? Every other country in the world, INCLUDING THE SOVIET UNION, had an economic recovery after 1983, and none of those other countries were practicing Reaganomics.

So, claiming AOC wants to go back to pre-Reagan economics is probably the biggest compliment you can pay her.