Ronald Reagan tells joke about Democrats
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Uploaded on Jan 23, 2011
Reagan telling a joke about Democrats
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All Comments (5,589)
ironfist2libface 2 days ago
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.
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BrooklynMintBiggie 2 days ago
This comment has received too many negative votes show
That's not a fair example. What you're doing is like pointing at Somalia and saying "there's your free market capitalism".
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