Thom Hartmann: 'Caller: Ronald Reagan Exponentially Increased Revenue'

Source:Thom Hartmann with a look at Reaganomics.

"A right wing caller tells Thom that President Ronald Reagan's economic policies actually increased revenues to the Federal Government." 

From Thom Hartmann

You can get these numbers from the Federal Reserve, Congressional Budget Office, or Office of Management and Budget, all agencies that keep track of the United Sates Federal budget, as well as its deficit and national debt. 

When Ronald Reagan came to office as President in 1981, he inherited a 60 billion-dollar deficit. Which was actually fairly small compared with gross national product, even in 1981. When he left office in 1989, his Vice President George H.W. Bush, inherited a 155 billion-dollar budget deficit as as the new President of the United States.

When Ronald Reagan became President in 1981, the total Federal budget was 562 billion-dollars and that's in 1981 money. When he left office in January, 1989, the Federal budget was 991 billion-dollars. 

When Ronald Reagan became President in 1981, he inherited a 991 billion-dollar national debt. When he left office in 1989, we had a 3 trillion-dollar national debt. 

So Thom Hratmann is right about this. President Reagan borrowed 3 trillion-dollars as President of the United States, even though he ran as a fiscal conservative for President, both in 1976 and 80. 

Al Jazeera: Islamic Republic President Mahmoud Ahmadinejad Blames Sanctions For Iran's Economic Crisis

Source:Al Jazeera- Islamic Republic of Iran president Mahmoud Ahmadinejad.

"Iran's president has denied claims that his government has caused the country's economic crisis. Mahmoud Ahmadinejad told the country's parliament that international sanctions are partly to blame. Al Jazeera's Soraya Lennie reports from Tehran." 

From Al Jazeera

"Al Jazeera English (AJE; Arabic: الجزيرة‎, romanized: al-jazīrah, lit. 'the Peninsula', pronounced [æl (d)ʒæˈziːrɐ]) is a 24-hour English-language news channel. It operates under the ownership of the Al Jazeera Media Network, which, in turn, is funded by the government of Qatar. It is the first English-language news channel to be headquartered in Western Asia.[3] Al Jazeera broadcasts in over 150 countries and territories, and has a large global audience of over 430 million people.[4]

Al Jazeera is known for its in-depth and frontline reporting, particularly in conflict zones.[5][6] It has been praised for its in-depth coverage of events such as the Arab Spring, the Gaza–Israel conflict and others.[7][8][6][9] Al Jazeera's coverage of the Arab Spring won the network numerous awards, including the Peabody Award."

From Wikipedia

Its President Ahmadinejad's and the rest of his administration's fault that the Iranian economy is in the shape that they are in. Because they are Theocratic Socialists and like most politicians authoritarian and otherwise, don't know how to run an entire national economy. 

Iran is a country of 75M people and physically the size of Saudi Arabia and Libya with first world people and resources and yet they are still a third world country because of their government. And the Iranian people need to wake up to that fact and do something about it.