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cropsey, il 61731 | Trickle down was more or less a media generated term said over and over. Reagan's "magic" per Thomas Sowell is he did nothing. He stopped gov't from constantly changing the rules. That kills business. I didn't mind dealing with some paper work to build my hog buildings as long as it wasn't going to change half way through and cause me to spend more (or not do it). Ex post facto rules are all over the place in regulation.
As an example, when I built my first hog building, I sited the well per their specifications with a little extra. When I built the second building the county guy said I was out of compliance and had to move my well. That wasn't going to happen so I asked what was the down side. Turns out a random rule from a bureaucrat doesn't actually have any legal power. He did say I would be out of compliance if I sold the setup. I'm not sure that matters since the county does not permit ag structures. Rules that change with the various employees are not a good thing. and stifle the economy. All a president has to do is stop it and maybe kill some regulation. As is the case today, people screaming for more regulation over they own lives.
As far as the money goes, the congress has the check book, but Reagan still signed the bills. A Vietnam vet I worked with suggested he felt better about spending money we didn't have than picking up a rifle. Reagan was successful. the USSR was going to crash at some point but Reagan's defense (star wars?) certainly pushed them over the edge. Later when Newt became speaker, he did the contract with America and held spending to a minimum and gave Clinton a "balanced budget". That shows you where the spending is coming from. The current crop of legislators on both sides are focused on re election and picking up any ngo goodies they can score. The last thing they want to do is cut spending. | |
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What did Reagan miss?
