Notices tagged with borrow
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The American Conservative -- How Right Was Reagan?
The federal payroll was larger in 1989 than it had been in 1981. Reagan’s tax cuts, whatever their merits as short-term fiscal policy, left large and growing budget deficits when combined with increased spending, and added to the national debt. His tax increases were among the largest proportionate ones in U.S. history. And more than one historian has called Reagan’s foreign policy “Wilsonian.” In short, it is hard in 2009 to point to any concrete evidence that the Reagan Revolution fundamentally altered the nation’s trajectory toward bloated, centralized, interventionist government. ... “Reagan portrayed himself as conservative,” Bacevich writes of the campaign underway in 1979. “He was, in fact, the modern prophet of profligacy, the politician who gave moral sanction to the empire of consumption. Beguiling his fellow citizens with his talk of ‘morning in America,’ the faux-conservative Reagan added to America’s civic religion: Credit has no limits, and the bills will never come due”
Friday, 08-May-09 21:41:06 UTC from web -
Sunday, 07-Dec-08 19:32:20 UTC from web
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St. Louis Fed: Series: BORROW, Total Borrowings of Depository Institutions from the Federal Reserve
Latest Observations: Date 2007-12-01 2008-01-01 2008-02-01 2008-03-01 2008-04-01 Value 15.430 45.660 60.157 94.523 135.410
Saturday, 17-May-08 18:27:16 UTC from web -
Making a Recession Great
This spending spree is exactly the wrong policy for an economy on the brink of recession. History has shown that all empires eventually crumble under a worthless currency and with an exhausted military. Since too many of our nation's leaders haven't taken
Monday, 17-Mar-08 21:41:57 UTC from web
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