January 24, 2011
Get ready for a lot of praise for Ronald Reagan in the days ahead. His centennial is on February 6. In the interim, we can expect the typical sort of cheesy plaudits worshippers of the state hand out to each other.
|Reagan’s presidency was a disaster for the American people.|
For instance, on Sunday, the Big Kahuna of state power over the individual, Barry Obama, wrote that the Gipper “recognized the American people’s hunger for accountability and change — putting our nation on a bold new path toward both.”
John Boehner, now Speaker of the House, writes that Reagan represented a “promise of a smaller, less costly and more accountable government” and under his leadership the promise to “cut taxes and reduce the size and scope of government were set in motion.”
“Reagan saw a federal government that had become, like a diseased heart, enlarged and sclerotic. Paving a path trod today by the Tea Party, he sharply cut taxes to restore economic growth,” writes Mitt Romney, the man who may very well be our next appointed president. “He fought to cut federal spending. He sought to restore our Founding Fathers’ vision of American greatness and limited government.”
“He understood America’s purpose in this world and what we need to do to secure liberty,” the diva of the refashioned and defanged Tea Party, Sarah Palin, declares.
All of this cheery approbation for Reagan is completely uncalled for. Ronald Reagan was nothing if not a somewhat accomplished actor – some even dispute this after reflecting on his movie career – and his assigned task was to restore faith in a bruised state after Watergate, Vietnam, and the CIA’s failure in Iran, to name but three.
Reagan’s presidency was a disaster for the American people.
Mitt Romney has it wrong – Reagan increased the tax burden on average Americans. Granted, he did sign a tax cut in 1981, but this went to a wealthy minority, not the majority that had their wealth decimated by the banksters and the Federal Reserve.
Social Security taxes increased and inflation pushed millions into higher tax brackets. Reagan closed “loopholes” and increased government revenue from $517 billion in 1981 to $1.031 trillion in 1989.
These so-called loop-holes included the abolition of numerous shelters, the elimination of the deductibility of IRA contributions, the imposition of the Alternative Minimum Tax, lengthening of depreciation schedules, the tightening of investment-related deductions, and overall tightening of IRS enforcement.
“The federal deficit ballooned from 2.7% of GDP in 1980 to 6% of GDP in 1983, the largest peacetime deficit in history, and was still 5% of GDP in 1986,” notes John Miller for Dollars and Sense.
Reagan appointed Alan Greenspan, the Federal Reserve chairman who played an instrumental role in the economic disaster we are all now living through. Prior to elevating Greenspan, Reagan endorsed the reduction in money growth – one end of the infamous whipsaw – initiated by the Federal Reserve in late 1979, a policy that led to both the severe 1982 recession and a large reduction in inflation and interest rates.
The privately owned Federal Reserve’s shrewd manipulation of the money supply and the accumulated debt it has placed on the American people – debt owed to banksters for money loaned out of thin air to a government Reagan represented – has resulted in an unsustainable situation where 100 percent of what is collected at gunpoint in individual income taxes is spent on the interest on the federal debt.
Reagan’s Grace Commission said as much. It suggested reforms to lower the national debt, but all proposals were ignored by Congress.
Reagan established a woeful legacy. When he took office, the national debt stood at 1 trillion dollars. Over the last 30 years, the government has accumulated an additional 12 trillion dollars in debt. “If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars,” writes The Economic Collapse. The U.S. debt is now 90 percent of the GDP, or Gross Domestic Product.
Reagan was a tax-and-spender and promoter of big government from the get-go. “As governor of California and president of the United States, he enacted policies that, in the main, greatly expanded the role and size of government,” writes Anthony Gregory. “As governor, he oversaw the largest tax increase in Californian history. Democratic Governor Jerry Brown cut back the tax rate when he came to office.”
In the days ahead, we will endure all manner of nonsense from the corporate media about Reagan’s legacy. Sarah Palin, Mitt Romney, John Boehner, John McCain and the rest of the statist Republicans will sickeningly praise Reagan’s accomplishments.
Reagan’s real son – not the adopted neocon one who called for killing antiwar activists – writes in his new book that his father was suffering from Alzheimer’s while in office.
Maybe so. But at the end of the day it does not matter. Ronald Reagan claimed to be a fire-breathing Libertarian opposed to big government. His policies were the exact opposite of those advocated by real Libertarians.
Like most of his predecessors, Reagan received his marching orders from a global elite determined to take down America and methodically usher in global economic carnage in their effort to reconsolidate and further monopolize power.
Reagan was just better at reading a script than most of those who came before and after him.
Kurt Nimmo edits Infowars.com. He is the author of Another Day in the Empire: Life In Neoconservative America.
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This article was posted: Monday, January 24, 2011 at 4:22 pm