nelson and spartans bird south carolina you wanna disagree with him a ronald
reagan
foot didn't europeo
first part of it sound like you said that uh...
that regulate mistake thinking that his stacked that would increase in my money
flow to the federal government
what reagan tax cuts exponentially increasing our money toward but i did
not do is not exponential
there was still is linearly of
no matter what it looked more like come into the federal government he took
office
an amount of money come in programming brief years five years eight years in
your twenty years later
that wouldn't that's just the mute ort father was a civilian increase ronald
reagan bush but raised
taxes on working people dramatically double the fight to texas so scary text
he doubled it he got to cut taxes on the carrier revelation ope org
any cut tax rates go up there would be cut the uh... capital gains tax an
increase in mahmud won't appeal government
and that is the answer nelson you are wrong epl vehicle
but i'm on board at the door to tear down this one outfit but they all took
it destroyed the country aspin breakout reagan nelson
it nelson a ronald reagan
borrowed
two-and-a-half
trillion dollars heat
borrowed more money than every president from george washington jimmy carter
combined had borrowed
and then see
spent that money you're right ronald reagan met oversaw a massive explosion
the size of government
and as inflation went along and inflation was moving right along during
that period in fact when he came into office
inflation was over ten percent
as he has inflation continued the if you're looking at on adjusted dollars
not inflation just dollars
bob certainly tax revenues are going up
but if you compare tax revenues if you have inflation adjusted tax revenues
over a series of presidencies going all the way back to nineteen thirty-five
what you will see is that reagan's theories had
nothing to do with anything
that supply-side economics is anything
cut the amount of money end in particular it cut the amount of money
from wealthy individuals and corporations coming into government and
it dramatically increase the amount of money from the middle class the working
poor going into government so yeah reagan raise the taxes on people making
less than in today's dollars fifty us dollars a year anne cut the taxes on
everybody making more than that
well that's what i did a great semester has not not how you can look at the
numbers up there but it will have it
that that they will at least brought out of a dole-clinton dramatically decreased
my money flow into the federal government again and you know i did it
now some if he passed stimulus bill exit
he pass the stimulus bill reagan pad
bush passed to stimulus bills they're all similar stories they were spending
bills
but number certificate an economic theory
stimulus bill that never worked anywhere that ever been trot it's been a disaster
blaming us out of the great depression
well or two
okay so how did we want to get us out of the great depression end up buddy
because of the massive amount of pulp
spending produced what material writes olivia massillon a government spending
got us out of the great depression the u tell image on many occasions wrong burke
anybody that stronger bigger vital debate about the great depression is a
very quickly
stated meters longer better educated but you are telling me that government
spending is what got us out of the great depression
that ben bradlee franklin roosevelt's wasn't spending enough here to spend as
much to get us out of the great depression
as you know that only spent
to to defeat hitler in georgia
or camped out outright precious
roar still magically do anything our spending down a side of the great
depression is government spending
which put money into people's pockets
which created demand in our economy
well i'll tell you why governor stated goal start your grandchildren to their
and were well all i can i want more senate right now is that in historical
all as a percentage of g_d_p_ word that word back down to where we were nineteen
fifty two
we really is lower than it has been since eisenhower was president
and by the way to why i think i dot dwight eisenhower in after world war two
we had a hundred and twenty seven percent
of g_d_p_ was our dead to g_d_p_ ratio right now it's in the seventies dedi
range
at that time it was a hundred and twenty seven sense the highest debt that this
country
and ever had with a serious arguably with a single exception of the george
washington ministration
do you know how do i eisenhower paid off that debt sir
run out twenty four percent
spin into g_d_p_ do you know i'm joined us in our paid off the biggest debt this
country's ever had a hundred and twenty seven percent in g_d_p_
you know how he pay that off
i_d_ pero he created jobs your government spending he built the
interstate highway system e-bills schools to build hospitals
they're right all their government's going to recorded what money people's
pockets here and those people then went into the marketplace and bought things
you take somebody who's on employees
they are not stimulating the economy
you give that person a job
building the interstate highway system especially a decent job either good
union wage job and now they've got twenty thirty forty thousand dollars a
year in their pocket and they're going to a local stores in buying things local
stores a say hey we need more clothes we more food we need more t_v_s we need
more radios
the manufacturers are making those things
all the way along that that might get cycle over over over again when i when a
consumer spends i dollar
in an economy it typically stimulates the economy into the barking i have two
dollars should have dollars
depends on how your trade laws are organized frankly but but that is why
click that's what drives economy and that's how i start out as i would be out
of
the debt that we had as a result of world war two
was he grows out of it spending raising taxes
wilmette will not raise enough money to get us out of a bad economy like we are
in right now
and you and i probably agree on that
cutting spending one to it because it's not there are not good enough
nonessential areas even cut
as a player out were enacted we're spending
the threshold right now the solar or nineteen fifty two
creating jobs
twice the power
of either cutting spending or increasing taxes has what it does is it moves
people
out of the category of
taking from the government
unemployment benefits health
uh... you know welfare food stamps and into the category of giving to the
government in the four of taxes
so it's
twice as powerful
and that's why i sour when he was looking at and oppression nineteen fifty
two yet and if you're old up we did slide back into a pretty bad depression
fifty to fifty three
and healing is look at that a really bad recession jelous say is look at that and
he was also if you look at oakville how do we pay down his daddy said the most
powerful way to do that
is by putting people to work
using government money eisenhower borrowed money todavia state highway
system who got us out of that before
not the government now because i wouldn't have at least that was
government money that was government money
nelson sorry we're out of time to call the end of the time i love debates like
most figure we can
twenty seven is that they are just because generally ninety five
once a week ago will fall
but uh... you know yet there was a big debate
in visible what nelson you should check out tear down this man
about reagan reagan years through replace it