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Showing posts with the label president reagan policies

A Look Back At The Failed Administration Of President Obama And Vice President Joe Biden

While not holding to all ideologies of President Reagan, I believe in his statement that, “…It is no coincidence that our present troubles parallel and are proportionate to the intervention and intrusion in our lives that result from unnecessary and excessive growth of government …”    I will also agree with Reagan that someone had to take a hard stance on spending, which he started before ultimately caving in to pressure.  We are seeing the result of endless spending that has gone on since President Coolidge held the reigns – an almost $17 trillion national debt and $117 trillion in unfunded liabilities (Social Security, Medicaid, Medicare).   President Bush is not solely to blame for the recession, despite the endless claims of the current administration.  The spending problems have been ongoing by both parties for a century.  The meltdown of the financial markets was the result of “easy credit” of the 1980’s. Individuals that could not really afford homes received loans with questio