Few remember any more that 1979 and 1980 were the nation’s worst economic years since the Great Depression. Reagan saved America from Jimmy Carter economics: he brought inflation down from 13.5 to 4.1 percent; unemployment, from 9.5 to 5.2 percent; the federal discount rate, from 14 to 6.5 percent. Under Reagan, the number of jobs increased by almost 20 million; median family income rose every year from 1982 to 1989. It was the greatest peacetime expansion in American history. Charitable giving more than doubled, to more than $100 billion in 1988.
But the deficit grew huge, much in part due to the expensive defense spending. Government spending under Bush has been astronomical. I am a conservative republican but it seems like my party fails to reduce government spending. what are readers opinions?
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