80s Archives - RichMeyer.org

Deficits…Funny Money!

During the election of 1980, Ronald Reagan chastised Jimmy Carter for running up a deﬁcit of about $40 billion. Basically, a government deﬁcit consists of borrowing the amount of the deﬁcit and then ‘kicking the can down the road’ for a future generation to clean up.

Within a couple years, Reagan started running up deﬁcits of

R.J. Meyer2018-04-23T15:19:25+00:00January 12th, 2018|

The Myth (Lie)….Tax Cuts Create Jobs!

Since the 80s, the mantras has been that tax cuts create jobs; the reduced costs of tax will allow employers to hire more workers. But the acid test is, “did it work?”

In the 60s we had an abundance of jobs that paid well; yet, we had a maximum tax bracket of over 90%. 20 years

R.J. Meyer2018-04-23T15:19:32+00:00December 27th, 2017|