While there are others near the select distinction of being the #1 immortal (democrat) lie nothing beats the fantasy that “Reagan had big deficits” so thus and so is okay now.

The actual historical facts are Reagan was promised by democrat speaker Thomas “Tip” O’Neil the democrat congress would reduce spending $3 for every $1 of tax reduction. Well, guess what? The democrat SOTH lied! Big shocker.

Not only did they spend at the usual levels (aka vote buying) they also spent the near 100% in NEW revenues coming in over 8 years generated from the tax rate cuts! (Another democrat immortal lie is “tax cuts have to be paid for”)
Thus the democrats who ran the congress then ran up big deficits, not Reagan.
BTW, the congress spends, a president can only propose, any president.

Even today the dimwit democrat O-borg is on TV spouting this immortal lie as boldly as they did 10 or 20 years ago.
They never research or know basic civics.
Democrats are not bound by ethics or morals so they lie with a confident pride.

BTW, libs are saying Tip and Reagan were buds and such…FALSE…after Tip lied then Reagan avoided him and never ever trusted him again..a good lesson for these days also…demo-socialists will lie then lie about lying.

2 responses to this post.

  1. Obama: Public is ‘sold’ on tax increases in a debt-ceiling deal
    By Alicia M. Cohn – 07/15/11 11:54 AM ET
    President Obama on Friday kept up the pressure on Republicans to agree to revenue increases in a deal to raise the debt ceiling, claiming 80 percent of the public supports Democrats’ demand for tax increases.

    “The American people are sold,” he said. “The problem is members of Congress are dug in ideologically.”
    of course “he is not dug in”…God what a lying sleaze


  2. If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.

    If Obama inherited anything, he inherited it from himself.

    In a nutshell, what Obama is saying is I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th.


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