| barneystinson69 said: Its because of him trying to cut taxes for the rich... lets just say it didn't work. So yes, there was a deficit because of his economic policy. And he spead up the fall of the soviet union by what, a few months? The Warsaw pact was already becoming disarrayed by the time he came to office, and the union destroyed themselves. Maybe his speech to unite germany again did help a bit in doing that, but many people already wanted that to happen.
As for increasing defense spending, so what? They had no money anyway. By the late 70s, it was apparent. Their nation was facing shortages for resources, and it was in deep recession. |
So increasing taxes was the solution to the deficit problem ?!
Welp, I guess this really marks that pro-capitalism is the progressive movement and that government sponsored socialism is the norm ...
Actually they had tons of money. They got by with the oil price hikes. It's just that their military expenditures consumed most of their growth so Reagan maybe thought to take advantage of that instability by out spending them in defence ...
