- Reagan went to Philadelphia MS to kick off his presidential campaign, specifically targeting this city to antagonize Black people because 16 years prior the 3 Civil Rights workers were murdered there. Reagan did not acknowledge their murders
- Reagan left the nation with a tremendous debt balance as he followed the "Trickle Down" theory of economics
Washington Post: http://www.washingtonpost.com/wp-dyn/articles/A26402-2004Jun8.html
"Voters and politicians became anesthetized to big deficits," Moore recalled. "Reagan was running these big deficits, and liberals argued it was going to be Armageddon. We were going to ruin the economy. Interest rates were going to go through the roof. And none of these things happened."
The fiscal shift in the Reagan years was staggering. In January 1981, when Reagan declared the federal budget to be "out of control," the deficit had reached almost $74 billion, the federal debt $930 billion. Within two years, the deficit was $208 billion. The debt by 1988 totaled $2.6 trillion. In those eight years, the United States moved from being the world's largest international creditor to the largest debtor nation.[/quote]
NOW INDEX THIS TO TODAY:
Obama's $3,600 billion budget FOR ONE YEAR will have an $1,800 billion DEFICIT!!!!!!!
The federal debt will grow by $9,000 in 10 years using Obama's budget spending levels