Originally Posted by WestCoastOffensive
While I like your posts, what about the "labor inflation" that Reagan fought against? "Labor" or unions, were flexing muscles like it was their right; and each Union (comprised of homogenous elements) became "islands agaisnt reality" behaving pretty much against the public good as the leaders tried to "earn" a "bigger piece of the pie" for their members.
We had the same issue in Australia - while our private debt is awful, our public debt is basically zilch compared to yours and we never blamed shortfalls in our government's budget because of the influence of unions. Unions could not be responsible for trillions of $ worth of debt, but outright deliberate mismanagement of a countries fiscal status is. That's what happened under Reagan and that's a cold-stone fact.