While the Republican candidates for president trip all over themselves trying to demonstrate who is more Reaganesque, I think it's worth noting one of the major legacies of the Reagan era: almost $9 trillion dollars in national debt. Before Mr. Reagan took office, our national debt was less than $1 trillion dollars. That's what mindless tax cuts for the rich and no accompanying reduction in spending gets you. So don't listen to Republicans who claim every tax cut is made up for by corresponding economic and revenue growth. If that's the case, why have we had a budget deficit every year a Republican has been president since Nixon took office? Our national debt puts the lie to that noise.
Here's your Friday video fun. A 30-second Reagan campaign clip from the 1984 campaign: