Tag: President Ronald Reagan

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Draining the Swamp: From Reagan to Trump’s 2024 Government Overhaul

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Nobody has had this much fun in Washington since British Major-General Robert Ross who burned the U.S. Capitol and White House to the Ground

the staff of the Ridgewood blog

Ridgewood NJ, the call to “drain the swamp” in Washington has been a recurring theme in American politics. From Ronald Reagan’s push to cut government waste in 1980 to Donald Trump’s bold moves in 2016 and 2024, the battle against bureaucracy continues.

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Jelly Beans have been associated with Easter for well over a Century

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the staff of the Ridgewood blog

Ridgewood NJ, what do Neil Armstrong, tortoises, and jelly beans have in common? Why, they’ve all been to space, of course. President Ronald Reagan was known for being a connoisseur of the chewy candy, so much so that he provided the astronauts aboard the Challenger shuttle with a bag full of them in 1983 — a gift that resulted in charming footage of them tossing the jelly beans in zero gravity before happily eating them. Reagan was also known to break the ice at high-level meetings by passing around jelly beans, even commenting that “you can tell a lot about a fella’s character by whether he picks out all of one color or just grabs a handful.”

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Art Laffer: Trump Tax Cuts Will Bring Economic ‘Nirvana’

Arthur Laffer

President-elect Donald Trump’s proposed tax policies will have a positive effect much the same President Ronald Reagan’s did, says economist Art Laffer.

Laffer, a former member of Reagan’s Economic Policy Advisory Board, told the Financial Times that Trump should not worry about America’s growing trade deficit, and he should welcome a strong dollar.

Laffer is a proponent of supply-side economics, which calls for lower taxes and regulations on businesses. The theory is ridiculed by liberals as “trickle-down,” which they contend never fully trickles down to those as the bottom as proponents assert.

But his “Laffer Curve,” which he sketched on a napkin in 1974 for Nixon officials Dick Cheney and Donald Rumsfeld, maintains that there is a certain tax rate between zero and 100 percent that will generate the most possible government revenue. That percentage, Laffer says, is relatively low.

https://www.newsmax.com/politics/art-laffer-supply-side-trump-tax-policies/2016/12/07/id/762793/