frankie 写了:Why not Reagan 2.0?跑锅 写了:Based on the people making calls now, it looks we are going to have a bush 3.0: less tax, more spending, higher deficit, higher inflation, fewer regulations. Hopefully, no war.
Because the US government had been living within its means prior to Reagan, except for war times and deep recessions. The public debt as a percentage of GDP had been in a downward trajectory after WWII, until Reagan cut taxes significantly AND increased spending. Reagan was like a kid who spent most of his parents and grandparents' lifetime savings. Such luxury no long exists.