OUR ECONOMY NEEDS A PRESIDENT WITH THE COURAGE OF RONALD REAGAN
Government spending and borrowing are once again growing as a percentage of GDP. The federal debt held by the public was 35 percent in 2007. It is 74 percent today, and is projected to be 140 percent in 2046 — provided nothing goes wrong.
Neither Hillary Clinton nor Donald Trump have presented a comprehensive plan of what they intend to do about this problem that will sink America many decades before rising sea levels (even if the global alarmists are right, which is unlikely).
The candidates promise not to do anything serious about “entitlements” even though it is the major problem. But it probably doesn’t matter what they say until after Election Day — at which point they will be confronted by reality and have to start dealing with it.
Both Bushes, Bill Clinton, and Barack Obama all largely abandoned their tax and spending promises shortly after winning election — so why should we expect anything different this year?
Ronald Reagan was the last president who was not only serious about his campaign promises regarding taxing, spending, and regulation, but was the last one to actually do something close to what he promised, particularly the tax rate cuts — and the economy boomed.
Which brings us back to Hillary and the Donald.










