Ronald Reagan tells joke about Democrats

Reagan telling a joke about Democrats

• Category

  Comedy

[ironfist2libface]

Many critics of reducing taxes claim that the Reagan tax cuts drained the U.S. Treasury. The reality is that federal revenues increased significantly between 1980 and 1990:

Total federal revenues doubled from just over $517 billion in 1980 to more than $1 trillion in 1990. In constant inflation-adjusted dollars, this was a 28 percent increase in revenue.

As a percentage of the gross domestic product (GDP), federal revenues declined only slightly from 18.9 percent in 1980 to 18 percent in 1990.

[BrooklynMintBiggie]

That's not a fair example. What you're doing is like pointing at Somalia and saying "there's your free market capitalism".