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Originally Posted by Army_of_One  Well...I'm not an accountant or an economist.....I would say the huge spending on the build up of the military combined with massive tax cuts without enough spending cuts contributed to the debt. |
I'd say your probably pretty close to being on the money there.
I'd also be curious as to how much that deficit spending contibuted to the rest of the positive numbers you quoted. For example there's no denying that RR increased military spending while in office. While he was doing that he was creating thousands and thousands of jobs in the defense industry. This led to higher tax receipts, lower unemployment, growth in private wealth etc. All the things Reaganites like to cite. So would it be fair to say all this prosperity was a direct result of government programs? And if so, was it worth the massive deficits it created?