re: Lou Holtz. Is he right or is he wrong?

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Politics aside Reagan was a sunshine pumper as he had no solution either but he did load up on debt and went on a spending spree and was viewed as a great guy. At least Nixon, Ford, and Cater tried to fix it. Ronnie and Wall Street just levered up and pushed if forward.

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This is bullshite. Reagan’s spending increases were almost all military related to end the Cold War by bankrupting the USSR in an arms race knowing they couldn’t keep up. Also LBJs Great Society created the welfare state that burdens us greatly today financially and ruined the working class and available labor pool.

Our debt to GDP ratio reached 119% right after WW2 then dropped dramatically as the economy boomed. It remained consistently under 65% with fluctuations of low 30s to 64% from 1955 to 2008. It hit 100% in 2014 and is now 123%. The highest ever was 129% in 2020 due to Covid. That’s why you’re seeing inflation now. That number cannot stay above 100% without inflation occurring. It’s on a downward trend, but it’s going to be painful as interest rates need to go higher and we need economic growth and wage growth combined with spending cuts to ease that inflation. But we won’t get the latter 2 with a Democrat administration