Remembering Ronald “Big Government” Reagan

It’s nice to see that even Bush’s staunchest defend­ers admit what a joke he is. Ed Mor­risey:

Some­how, I think peo­ple will miss this man more than the one fea­tured in the “Miss Me Yet?” bill­board [Bush 43].

This man” is of course none other than Ronald Rea­gan, pop­ulist hero of the Repub­li­can right:

Ronald Reagan hope and change billboard

So long as the right is going to con­tinue wor­ship­ing this guy, we ought to take a look at his top accom­plish­ments to bet­ter under­stand why. Here’s the short list:

  • Quadru­pled the US debt from $700B to $3T. Yes, Mr. Con­ser­v­a­tive is respon­si­ble for a big chunk of the debt, and only the Bushes did more to increase it (Clin­ton, of course, cre­ated the first gov­ern­ment sur­plus since Carter).
  • Increased taxes on the elderly by mak­ing Social Secu­rity pay­ments tax­able income.
  • Moved Social Secu­rity off-​​budget in order to help hide the US deficit in gov­ern­ment accounting.
  • Bailed out the Sav­ings & Loan insti­tu­tions to the tune of $150 bil­lion dur­ing the 1987 cri­sis. (Almost $300 bil­lion in today’s dollars.)
  • Increased taxes on the mid­dle class by expand­ing the Alter­na­tive Min­i­mum Tax to new brackets.
  • To reit­er­ate: quadru­pled the fed­eral debt by grow­ing it at an aver­age of 45%/term.

These are the endur­ing Repub­li­can ideals, appar­ently: higher gov­ern­ment spend­ing, higher taxes, fed­eral bailouts, and lots of debt. Rock on, Mr. Reagan!