Politics: Ronald Reagan California Governor, President, Raising Taxes, Bailout of Social Security, and the Republican Leaders Lie

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Update September 25, 2010

I am reposting this in the mist of Republicans try to reclaim Ronald Reagan’s myth on the economy. A conservative grassroots lobbying group is using a similar ad by Ronald Reagan but with a twist Called “Mourning in America,” the spot by Citizens for the Republic attacks President Barack Obama’s “failed” policies, saying the country is “fading, and weaker, and worse off.” If you read from my earlier post this group and Ronald Reagan have no record to brag about

Posted July 30,2010

Did you know Ronald Reagan bailed out Social Security with 165 Billion dollars? Well, he did, even though he called Social Security a Ponzi scheme.

“In the late 1970’s, it became obvious even to the man in the street that the Social Security System was bankrupt, kaput. For the first time in fifty years there was an excellent chance to get rid of the biggest single racket that acts as a gigantic Ponzi scheme to fleece the American taxpayer. Instead, Reagan brought in the famed “Randian libertarian” Alan Greenspan, who served as head of a bipartisan commission, performing the miracle of “saving Social Security” and the masses have rested content with the system ever since. How did he “save” it? By raising taxes (oops “premiums”), of course; by that route, the government can “save” any program. (Bipartisan: both parties acting in concert to put both of their hands in your pocket.)

The way Reagan-Greenspan saved Social Security is a superb paradigm of Reagan’s historical function in all areas of his realm; he acted to bail out statism and to co-opt and defuse any libertarian or quasi-libertarian opposition. The method worked brilliantly, for Social Security and other programs.”
Ronald Reagan: An Autopsy, by Murray N. Rothbard

http://www.lewrockwell.com/rothbard/rothbard60.html

Posted July 30, 2010

Ronald Reagan couldn’t raise taxes fast enough as governor of California and President of the United States. Even the first President George Bush pledge he would not raise taxes, until he had to.

Republicans say he never raised taxes and many people believing has to be one of the best told lies of all times. What makes the lie to great is that so many millions of Americans believed it. By this time though most republicans who grew up on this Republican rhetoric on Ronald Reagan many staunchly believe it. If anyone is going to rewrite history who else but the Republican Party. In Texas their spending money to rewrite their texts books (according to them we shouldn’t describe our self as a ‘Democracy’ , but instead we should describe ourself as a Republic. Instead of rewriting history Republicans should learn from history ‘AS IS’, good and the bad.

The lie about the death panels was big but it doesn’t compare to the lie about Ronald Reagan not raising taxes.

“The Reagan myth is fundamental to the tea baggers’ drive for ideological purity — to their relentless purging of realists, like Reagan, and moderates, like the first Pres. Bush, from the conservative movement.”

http://www.pensitoreview.com/2010/07/02/reagan-raised-taxes-7-times/

Not only did Ronald Reagan raise taxes, but he makes for the biggest taxer out any president.

Here is a sample of actions by Ronald Reagan as the Governor of California.
As Governor, Ronald raised taxes. Under Reagan spending 177 percent. He also raised taxes in California at a significant amount. “His first year as governor, Reagan raised taxes equal to 30 percent of the state general fund, still a modern record.”

President Reagan:

In 1982, the Tax Equity and Fiscal Responsibility Act, that rolled back about a third of his ‘81 tax cuts, raised corporate tax rates, and to a lesser extent income tax rates. Raised taxes by almost 1 percent of GDP, which at that time was the largest percentage in peacetime increase ever.

[The] 1982 gas tax increase. [The] 1983 Greenspan commission — we know so well; [fellow commission member Alice Rivlin ] remembers — we all … raised payroll taxes for lower and middle-income households to higher than they were before Reagan’s ‘81 tax cuts. Then there was the 1984 deficit reduction tax.
Those are the big four. Then there was the Railroad Retirement Revenue Act, Consolidated Omnibus Budget of ‘85… ‘85…’87 Continuing Resolution, Omnibus Budget Reconciliation Act of ‘87, that was $8.6 billion

So there were a lot of them. Just thought I’d throw that in.”

Rather than abolish the departments of Energy and Education, as he had promised to do if elected president, Reagan added a new cabinet-level department–one of the largest federal agencies–the Department of Veterans Affairs…

Never could be that this fairly loved GOP Republican, Conservative President roll
back a tax cut. Republicans actually wanted to make a coin for him last year. I would love to ask Reaganite what they remember of Reagan. Do they remember the man who raised taxes or do they remember the myth.

To read rest of article on how Reagan buck ideology you can read the rest of article here:
Reagan Raised Taxes At Least 7 Times, Including the Biggest Corporate Tax Hike Ever
Jon Ponder | Jul. 2, 2010

http://www.pensitoreview.com/2010/07/02/reagan-raised-taxes-7-times/

“And let’s not forget the wages of “trickle down” economics and “Reaganomics,” from which we have still not recovered. In 1982, the Congressional Budget Office found that taxpayers earning under $10,000 lost an average of $240 from Reagan’s 1981 tax cuts, while those earning more than $80,000 gained an average of $15,130. By that fall, the jobless rate hit 10.1 percent—the worst in 42 years, and a year later 11.9 million were out of work. In 1983, the country’s poverty rate rose to 15 percent, the highest level since the mid-’60s. In 1984, a congressional study reported that cuts in welfare had pushed more than 500,000 people—the majority of them children—into poverty. Then-Attorney General Ed Meese’s response? “I don’t know of any authoritative figures that there are hungry children … people go to soup kitchens because the food is free and that’s easier than paying for it.”

To rest of article The Enduring Lies of Ronald Reagan by: Susan J. Douglas, click link:

http://www.inthesetimes.com/article/3242/

You could also read:

Ronald Reagan’s Distorted Record, He Did Raise Taxes

https://fredericacade.wordpress.com/2010/07/14/ronald-reagans-distorted-record-he-did-raise-taxes/

Other related blogs:
Politics, Social Security 75th Anniversary and Ronald Reagan’s Bail out of Social Security Proves the GOP, Republican, Conservatives, Tea Party have their Economics Wrong

Politics: Republican Reagan Insider Sheds Light on the Failing Politics of the Republican Party

Ronald Reagan’s Distorted Record, He Did Raise Taxes

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