Do you experience Reagan economics?

[jimmy2]

It was in the 80s and we just spend , spend spend. Then guess what we go bankruptcy and do it again.

We see this policy again with biden he keeps on spending trillions. So will America go bankrupt. Your thoughts welcome.

[Anonymous]

I'm not a child of the 80s but my father spoke a lot about thatcherism in Britain which was basically the same.

But Reagan economics and thatcherism wasn't about spend spend spend. It was about cutting public spending, not taxing the rich, low wages and the idea that the money the wealthy made would trickle down into the hands of the working class which it never did as the wealthy don't spend their money. It was damaging long term for the economy because people had less money so had less money to spend.

[Curmudgeon]

At least in the 1980s we subsidized a great aerospace industry and defeated a Soviet Empire for our efforts. Today? We are subsidizing looters and rioters. :(

[NamerOfStars]

Not under Reagan, but I saw eight years of it under Dubya, which made me wonder if conservatives had any capacity for pattern recognition at all.

[Drewtate]

I wish it was the 80s.

I'm experiencing Biden economics where we all got to work twice as hard to get by.