trump announces his bid for reelection!

[Rev. Rye]

I would point out that Western Europe has been living under social democracy since the mid Forties and it’s actually worked out pretty well for them so far. And, Greece aside, the Eurozone is actually doing pretty bloody well.


And that the actual stats don’t seem to line up with the “When nuclear proliferation stopped, so did Reagan’s spending” narrative. Where exactly is the decline here?

Source: https://www.thebalance.com/us-debt-by-pr...nt-3306296

Ronald Reagan: Added $1.86 trillion, a 186 percent increase from the $998 billion debt at the end of Carter's last budget, FY 1981.

FY 1989 - $255 billion.
FY 1988 - $252 billion.
FY 1987 - $225 billion.
FY 1986 - $297 billion.
FY 1985 - $256 billion.
FY 1984 - $195 billion.
FY 1983 - $235 billion.
FY 1982 - $144 billion.

Note that no other president prior to Reagan ever cracked the $100 billion per year debt mark. And that Clinton (in the 2000 Fiscal Year) was the only president since then to have added less than $100 billion in a single year. There is a relatively small decrease for 1987, but with that decrease, it's still more than he spent in any of his first three years.