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Agree. Government debt is a good thing - just ask fiscal conservative Ronald Reagan, who was the first president since World War II to increase the national deb
by geofft 8y ago
Agree. Government debt is a good thing - just ask fiscal conservative Ronald Reagan, who was the first president since World War II to increase the national debt relative to the GDP. Government is not a company, and judging it by the standards of a company is a mistake. (If anything, it is the dual of a company.)
- slavik81 8y agoRonald Reagan lowered government revenues with a round of tax cuts and sharply raised government spending. The debt was entirely from increasing the military budget without having taxes to pay for it. I would not describe his presidency as fiscally conservative.