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"Don't roll your eyes, but this is exactly what Reagan did to the Russians. Basically, spend more and faster than the other guy until he cries uncle." Has that
by georgemcbay 15y ago
"Don't roll your eyes, but this is exactly what Reagan did to the Russians. Basically, spend more and faster than the other guy until he cries uncle."
Has that really worked out for us so well over the long term? Certainly we can't pin our all of our current economic issues on Reagan as we've done a lot of spending and borrowing long after he left office, but once you get the snowball rolling down the hill very fast it becomes increasingly difficult to slow it down or stop it even after it has served whatever its original purpose was.