Long term economic trends and what they imply

[Mikebert]

(02-28-2017, 12:59 PM)X_4AD_84 Wrote:

(02-27-2017, 08:20 PM)Mikebert Wrote:

(02-27-2017, 12:01 PM)X_4AD_84 Wrote: It appears that Reagan pioneered some of the methods that were successful for Bush 41, Clinton and Obama in reducing the deficit.

Huh? How'd you get that?

1979 - 1983 - deficit was increasing.

Then, an inflection point in '83.

Then, statiscally decreasing or flat, until '89.

Then, '89 - '91 increased, '91 another inflection point (but Bush 41 paid for taxes he allowed aka "read my lips," rest is history). That inflection point having been crossed, excellent decrease for years.

I can see the chart. Why do you assume that Reagan had anything to do  with deficit reduction?  According to Dick Cheney, Reagan proved deficits don't matter.