A newly released ad by Ron Paul ‘s presidential campaign took a swipe at Rick Perry’s Democratic roots while emphasizing Paul’s links to President Reagan, but Perry’s campaign is now accusing the Paul team of seeing the past through rose-colored glasses. “Ronald Reagan was one of the most significant presidents of our generation, and a proven fiscal conservative,” Perry spokesman Mark Miner said. “Like President Reagan, Gov.
“„Since then Ronald Reagan and the Republican Party have given us skyrocketing deficits, and astoundingly a doubled national debt. How is it that the party of balanced budgets, with control of the White House and the Senate, accumulated red ink greater than all previous administrations put together? Tip O’Neill, although part of the problem, cannot alone be blamed.
“„Tax revenues are up 59 percent since 1980. Because of our economic growth? No. During Carter’s four years, we had growth of 37.2 percent; Reagan’s five years have given us 30.7 percent. The new revenues are due to four giant Republican tax increases increases since 1981.
“„All Republicans rightly chastised Carter for his $28 billion deficit. But they ignore or even defend deficits of $220 billion, as government spending has grown 10.4 percent per year since Reagan took office, while the federal payroll has zoomed by a quarter of a million bureaucrats.
“„… It was tragic to listen to Ronald Reagan on the 1986 campaign trail bragging about his high spending on farm subsidies, welfare, warfare, etc. in his futile effort to hold on to control of the Senate. … Reagan’s foreign aid expenditures exceed Eisenhower’s, Kennedy’s, Johnson’s, Nixon’s, Ford’s and Carter’s put together. …
“„The chickens have yet to come how to roost, but they will, and America will suffer from a Reaganomics that is nothing but warmed-over Keynesianism. …”