Joseph Palermo: For example, contrary to the mythology that sometimes fogs President Ronald Reagan’s overall fiscal record, the tax burden of working Americans increased during the 1980s, as did the national debt, and the overall size of the government. By 1986, the cumulative federal debt had reached $2 trillion, which was more than the United States had accumulated in its entire previous history.
by Joseph A. Palermo – It was a beautiful thing seeing a planetary celebration over the results of an American presidential election. Hundreds of millions of people were wondering whether or not the American people would succumb to another tainted election where the only winners were the corrupt purveyors of aggressive militarism abroad and religion-tinged [...]
Reagan’s America is dead. If not dead, it lies fallen on a US economy near ruin. The recent collapse of several financial giants and the extreme concentration of wealth in a few hands have reached levels unmatched since the 1930s Great Depression Era. Former Federal Reserve Chairman Alan Greenspan, who witnessed firsthand the Great Depression, [...]