No. Looking at the budget messages of President Reagan, Reagan, in eight years, demanded the government spend $7.357 trillion on his agenda. My sources include the US Treasury at www.treasurydirect.gov and the budget messages of Ronald Reagan from 1981 to 1989.
Pretty much a trillion dollars a year.
To that total eight year spending spree, the Democratic majority in Congress added $25 billion dollars a year. Or, to be exact, $197 billion during the entire eight years of Reagan was spent by Democrats.
In 1989, when Reagan finally returned the national checkbook, the checking account was $2.695 overdrawn.
In 199 years, our government had been much more conservative with its money, running up a total debt, including debt for the Second World War of only $930 billion dollars.
That's about $2 billion dollars a year.
In his eight years, Reagan increased the debt by a billion dollars per day, or $76 million dollars a minute.
Roosevelt didn't spend that much in four terms.
Who were the really big dosmestic spenders in the White House? Let's look at a table, listing the biggest spender first, Nixon.
Roosevelt, with his New Deal spending and the largest increase in defense spending in our nations history, barely makes the list.
So Reagan spent the money and created the first trillion dollar debt in American history. Followed by the first two trillion dollar debt. His Vice President, and the next president, would add another trillion in four years.
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