Reagan didn't get a balanced budget, but he got the economy growing again, we spent money on defense and I think it's that that defeated the Soviet Union.
Jack Kemp: “Reagan didn't get a balanced budget, but he got the economy growing again, we spent money on defense and I think it's…”
Editor's note · Context
Kemp argues that Reagan's policies were successful in reviving the economy and contributing to the defeat of the Soviet Union.
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The rich ended up paying more taxes. I think 55 percent of all tax revenues to the federal government are paid by that top 2 percent of people in this country.
So Paul Volcker brought down inflation with a very tight monetary policy. And Ronald Reagan deregulated and cut tax rates, not taxes, tax rates.
I believe that this treatment of any Government official who deviates from the official administration line that the United States is on the very brink of running out of energy is an absolute scandal.
I said, Mr. President, just follow your instincts in that debate, your instincts are what got you here and that's what will win you the presidency in my opinion.





