Talk:Reaganomics

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Shows income tax rate, revenue and job creation http://libertyworks.com/wp-content/uploads/2010/11/reagan-tax-cut-rev-and-jobs.gif

Shows income tax rate and tax revenue rate under Reagan http://www.heritage.org/static/reportimages/CA3A2E8DA1F365A2820416F00109FC10.gif?w=365&h=233 &as=1 —Preceding unsigned comment added by Dunnbrian9 (talk • contribs) 21:47, 12 May 2011 (UTC)

Taxation of Social Security Benefits were conceived after the election of Ronald Reagan

I am new to Wikipedia and don't have time to read about protocol and procedure. Forgive my Wikepedia ignorance.

I would question that that the taxation of Social Security Income began in 1977. The citation that is provided is Justfacts.com. This website says it's resource on public policy for "free thinkers." This term may signify a broad range of perspectives and does not preclude bias.

The idea of taxation of SS benefits was initiated by the Greenspan Commission which was appointed after Reagan was elected and therefor not during the Carter administration. The information below concerning the taxation of Social Security benefits is dircty from the Social Security website and claims the following:

"The taxation of Social Security began in 1984 following passage of a set of Amendments in 1983, which were signed into law by President Reagan in April 1983. These amendments passed the Congress in 1983 on an overwhelmingly bi-partisan vote.

The basic rule put in place was that up to 50% of Social Security benefits could be added to taxable income, if the taxpayer's total income exceeded certain thresholds.

The taxation of benefits was a proposal which came from the Greenspan Commission appointed by President Reagan and chaired by Alan Greenspan (who went on to later become the Chairman of the Federal Reserve).

The full text of the Greenspan Commission report is available on our website.

President's Reagan's signing statement for the 1983 Amendments can also be found on our website.

A detailed explanation of the provisions of the 1983 law is also available on the website."

http://www.ssa.gov/history/InternetMyths2.html — Preceding unsigned comment added by Extremoz (talk • contribs) 23:49, 4 July 2011 (UTC)

Review Section on Keynesian Interpretation

I feel this section is largely biased and unscholarly.

"In this view, Reaganomics was not a refutation but rather a confirmation of Keynesian economics: the expansion was primarily a recovery from the 1982 recession, which was created by the textbook Keynesian monetary policy of Volcker,[citation needed] not the tax policy of Reagan. At the start of the Reagan administration, inflation was high. The textbook Keynesian prescription for high inflation is high interest rates (contractionary monetary policy),[citation needed] designed to create a sustained period of high unemployment to break the price/wage spiral. Volcker did precisely this, creating the 1982 recession, then lowered interest rates once inflation was under control, resulting in economic growth and the unemployment rate coming down gradually."

This entire paragraph seems to either need to be largely expanded on or removed as it seems to be nothing but an unsourced criticism of Reaganomics.

"Krugman argues that there is nothing unusual about the economy under Reagan – because unemployment was reducing from a high peak, it is entirely consistent with Keynesian economics for the economy to grow as employment increases while inflation remains low – the expansion was a cyclical recovery, but did not feature an increase in the structural rate of growth as its supply-side proponents argued."

I feel this paragraph has potential but should require statistics or at the least citation.

The final paragraph is well done, though the last sentence should be elaborated upon or sourced in some way. — Preceding unsigned comment added by Kaspuhler (talk • contribs) 01:04, 2 August 2011 (UTC)

Paul Krugman citations

Mlebauer (talk) 15:39, 19 August 2011 (UTC) Why is Krugman cited so prominently in an article about Reaganomics? As an ardent political opponent, not just in the sphere of economics, that prominence seems to violate the neutral point of view. If Krugman must be mentioned, his views should be qualified as from Reagan's most ardent critic among economists. It would be more balanced to use a Keynesian economist with less strident opposition to Reagan's politics to provide a counterpoint.

On that note, we should remove the CATO institute "study". It is a well known fact that they are not a scholarly source of work, they are paid to find whatever conclusions the donors instruct them to find. 99.169.66.28 (talk) 07:58, 28 August 2011 (UTC)

Wow

Wow is all I can say. Such a respectible man and the pathetic liberal wikipedia tries to make him look bad in the wiki with assinine statements like "During Reagan's presidency the annual deficits averaged 4.2% of GDP[3] after inheriting an annual deficit of 2.7% of GDP in 1980 under president Carter.[3] The rate of growth in federal spending fell from 4% under Jimmy Carter to 2.5% under Ronald Reagan.[2]" Everyone knows that both of those factors were resultant form the democratic run congress, not from policies promoted by Reagan. It is also sad to see that no one put the fact that when he cut taxes by 20% it double the federal budget within a year. Let's stop being biased and get our facts straight, and if we are going to put useless stones of informaiton in the lead, at least tell the whole truth and attribute it to the designer and not some shtick about how Reagan's policies didn't actually work when they clearly did.

and all I can say is I am appalled by your commands. Reagan as a president and his economics were by far the most disastrous of the last century. If you are genuinely interested in the issues, get yourself educated first instead of embarrassing yourself with such baseless opinions. --386-DX (talk) 14:19, 9 February 2012 (UTC)

While there may be merit to the 20% figure you mentioned, a more important figure by contrast is how Reagan's tax cuts facilitated in tripling the federal debt of the US during his term. Adjusted for inflation, our federal debt went from under a trillion (where it had been in real dollars for about nearly 200 years) to roughly three trillion dollars. This makes your point rather moot, for the purposes of summarizing the financial consequences of Reaganomics for the readers of this entry. Therewillbefact (talk) 00:27, 12 February 2012 (UTC)

He was respectable as a person, but most of that 'fantastic' leadership was conducted by a... professional actor, who was often the hero of whatever flick he was in. His economic and foreign policies were disasters. Reaganomics were the real catalyst of the destruction of the American middle class. — Preceding unsigned comment added by 98.231.117.36 (talk) 15:09, 24 February 2012 (UTC)

While I agree with your comments, I think it would be more productive to substantiate your claims with verifiable data if you want to put Reaganomics into appropriate perspective. Thanks, Therewillbefact (talk) 22:10, 24 February 2012 (UTC)

Deregulation

Instead of the words regulation and deregulation, can we actually get examples of the policies that ronald reagan implemented that actually were deregulation, instead of just saying that he did deregulate? — Preceding unsigned comment added by 64.148.24.123 (talk) 22:21, 6 December 2011 (UTC)

Mentioning voodoo economics in the lead

There was no mention of "voodoo economics" as another commonly-used pejorative term for Reaganomics. I've gone ahead and revised the lead with this edit. Therewillbefact (talk) 01:46, 13 February 2012 (UTC)