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Biden - Tology
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<blockquote data-quote="wkmac" data-source="post: 1039870" data-attributes="member: 2189"><p>But your facts posted, let's take Reagan for example:</p><p></p><p>Reagan grew revenue over previous revenue yet he grew spending over previous spending by an even greater amount than the new revenue could support. If you contention were true, then why did Federal debt borrowing explode under Reagan and has yet to abate?</p><p></p><p>You can use accounting gymnastics all you want but I'm looking at the hard data that revs. went up, spending even greater, deficits occurred and to make up all the difference, the federal gov't had to borrow the money in ever greater amounts to have the funds on hand to pay for it all.</p><p></p><p>Those are the hard facts at the end of the day hit all of us in the face and no accounting gymnastics will explain that away!</p></blockquote><p></p>
[QUOTE="wkmac, post: 1039870, member: 2189"] But your facts posted, let's take Reagan for example: Reagan grew revenue over previous revenue yet he grew spending over previous spending by an even greater amount than the new revenue could support. If you contention were true, then why did Federal debt borrowing explode under Reagan and has yet to abate? You can use accounting gymnastics all you want but I'm looking at the hard data that revs. went up, spending even greater, deficits occurred and to make up all the difference, the federal gov't had to borrow the money in ever greater amounts to have the funds on hand to pay for it all. Those are the hard facts at the end of the day hit all of us in the face and no accounting gymnastics will explain that away! [/QUOTE]
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