Government Sets Its Sights on Private Retirement Accounts: “Giant Effort to Redistrib

Discussion in 'The Fire For Effect and Totally Politically Incorr' started by graehaven, Nov 21, 2012.

  1. jbmid1

    jbmid1 Well-Known Member

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    Re: Government Sets Its Sights on Private Retirement Accounts: “Giant Effort to Redis

    Again, it wasn't only Reagan, but the democratic congress that did most of the spending.
  2. graehaven

    graehaven Well-Known Member

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    Re: Government Sets Its Sights on Private Retirement Accounts: “Giant Effort to Redis

    A "conservative" republican president LED the way in the spending. He gave them what they wanted so he could get what he wanted. He played the great "game" of political compromise, expediency, and WE all lost.

    End result: Outrageous spending and larger government.

    (and he wasn't really conservative after all....) Yes, in his good ol' boy, homespun way, he screwed all of us. Thanks Ron. ;) :D
  3. Millwright

    Millwright Well-Known Member

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    Re: Government Sets Its Sights on Private Retirement Accounts: “Giant Effort to Redis

    The Reagan Boom" was funded by drawing down mandated pension fund reserves. With billions of "other peoples' money" marketeers went on a buying spree. Worthy investments were eventually replaced with executive largess the "barons" would have envied. (remember Ron Lay's "Oval Office" ?)

    To Reagan's credit he did put some of the resulting revenue "windfall" into our military using it to bluff the Soviets over their financial cliff. >MW
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