Except Carter did eventually fix the economy. See the Volker rule. Reagan fired him and hired Greenspan. Reagan created a fake economy financed by taking out a second mortgage on the country that you're now paying. Hillary never became popular.
Leftist propaganda bullshit. Reagan lowered taxes on the middle class, and the result was a boom in the economy and an increase in revenues flowing to the federal government. The Reagan era was an era of prosperity. I know, I was there.
Leftist propaganda bullshit. Reagan lowered taxes on the middle class
You're falling for the neocon hogwash. Reagan lowered the tax rate, but also increased taxes paid by the middle class by eliminating deductions. Back then you could deduct credit card debt, for example. Reagan eliminated that overnight. The net effect was very small for most people. For a median wage earner their effective tax rate went from .
The Reagan era was an era of prosperity. I know, I was there.
So was I, and old enough to vote. It wasn't real prosperity. It was living it up on borrowed money. When Reagan took office the US national debt was $998 billion. When he left office it was $2.9 trillion. That's a 286% increase in 8 years. It's easy to party when you're spending someone else's money. Now we're paying for it.
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