Quote:
Originally posted by Joe Sixpack@Jun 6 2004, 03:36 AM
Ronald Reagan's economic legacy:
Trade deficit Current Account Deficit
Year ($ Billions) ($ Billions)
1981 -34.6 +8.2
1982 -38.4 -7.0
1983 -64.2 -44.3
1984 -122.4 -104.2
1985 -133.6 -112.7
1986 -155.5 -133.2
1987 -170.3 -143.7
1988 -137.1 -126.5
This is what happens when you cut taxes and increase defense spending.
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joe,
the economic guru,
what exactly the correlation between
"cut taxes and increase defense spending and....trade defecit"?????
please refrain me from your own amateurish interpretations I've seen plenty of and I am not impressed,
but rather give me the URL where some noted economist makes the case for you.
P.S. watching you whipping yourself on this one brings tears to my eyes as always.