General Discussion
In reply to the discussion: Is America in irreversible decline?? [View all]Motown_Johnny
(22,308 posts)When he took office the top tax rate was 70%. When he left it was 28%. Now the fact that we moved the rate from 35% to 39% for people over $400K a year (instead of $250 like before) means that "More Tax Increases Are OFF THE TABLE!".
This is just one example of the damage done during those 8 years. The union busting of the Republican party being institutionalized is another. The cuts to public education that have already damaged the lives of two generations and is well on it's way to damaging two more is among the worst.
The debt problem also was created under Reagan, now the interest on that debt is one of the biggest drivers of the debt, it is a vicious spiral downward.
Arming Bin Laden, illegally arming Iran... the list goes on and on.
I don't think it is irreversible but IMO it began the moment Reagan was elected.