LogFAQs > #980008771

Justin2Krelian posted...

If you're talking about inflation, I'm not sure that argument really works against Reagan. Inflation went way down when he was in office and stayed pretty good until recently.

Granted, that was possibly because of Paul Volker, who was appointed by Carter...

Also, there were still problems in the 70s, even if Reaganomics made things worse. From what I've heard, the late 40s-60s were the more prosperous period.

From article in second post:

The results of this plan were mixed. Initially, the Federal Reserve Board believed the tax cut would re-ignite inflation and raise interest rates. This sparked a deep recession in 1981 and 1982. The high interest rates caused the value of the dollar to rise on the international exchange market, making American goods more expensive abroad. As a result, exports decreased while imports increased. Eventually, the economy stabilized in 1983, and the remaining years of Reagan's administration showed national growth.

The national debt tripled from one to three trillion dollars during the Reagan Years. The President and conservatives in Congress cried for a balanced budget amendment, but neither branch had the discipline to propose or enact a balanced budget. The growth that Americans enjoyed during the 1980s came at a huge price for the generations to follow.

That last line.
Came at a huge price.

What do you believe article is meaning?