H2O in 1949 the National Debt was higher than it is now as a percentage of GNP and the Presidents before Reagan had paid down the National Debt and if the rate of pay off had continued the National Debt would have been paid off during Clinton’s term. The hard facts are Reagan’s voodoo economics did far more damage to America than what most people realize. Reagan 20% increase in the social security tax was responsible for building the $2.7 trillion social security trust fund. The government book keeping method books social security as tax receipts, just government income so the excess social security payments masked the true Reagan deficits by offsetting them and if the excess social security payments are factored out of the budget Reagan actually more than quadrupled the National Debt. You can live on credit cards for a while but you not only have to pay the piper but the banker also.
When baby Bush took office the budget was balanced and Bush said give the ungodly greedy back their money but of course he gave them the baby boomers social security trust fund. The Baby Boomers were still paying more in than was being taken out of social security. Then the Bush administration used forged documents to take the nation to war with Iraq a county that had absolutely nothing to do with 9/11. Wars are expensive and have to be paid for. All past wars saw tax increases to pay for them. The Iraq war will cost tax payers $3 trillion before interest. But Cheney said we don’t need to pay for the wars because Reagan proved “Deficits don’t matter” and Baby Bush gave more and bigger tax cuts to the ungodly greedy.
H2O get you a pocket full of credit cards and live on them for a year and you will know what an “unconscionable burden is.” The commie/conservatives assured us voodoo economics was the way to and go and the American people voted for Reagan even after they knew he was quadrupling the National Debt and the voted for Baby Bush after they knew he was wagging a $3 trillion dollar war to drive up the price of oil in Texas up.
H2O you have not seen an unconscionable burden” yet wait till the tax rates are 93% on the ungodly greedy like they were in the 1950s. If you are going to fight wars you are going to have to pay for them. Many Americans have a bankruptcy mentality they live like kings for a while and when they don’t make enough money to pay their bills they take bankruptcy and start over. Reagan and Bush ran the country that way and Bush tried to bankrupt social security by claiming the social trust fund was just worthless paper much like a member of the public that takes bankruptcy.
In the end reformed or not the same amount of dollars mut be collected. You will spend the next 20 years paying for the debt Reagan ran up.