27
Dez
2005

George W. Bush and LBJ ran 'guns and butter' presidencies, spending other people's money was their specialty

George Walker Lyndon Baines Johnson Bush

Independent Institute
by Ivan Eland

12/23/05

Although George W. Bush likes to compare his presidency to that of Ronald Reagan, it most resembles that of Lyndon Baines Johnson. Some conservatives and liberals alike may be horrified at the comparison, but that is where the facts lead. Although Ronald Reagan’s efforts to reduce the size of government were mostly rhetorical, his philosophy was one of small government conservatism. Certainly, the deficits Reagan racked up by cutting taxes more than spending and the percolation of his philosophy into public opinion probably played at least some role in reducing the growth of federal spending during the Clinton presidency. In contrast, both George W. Bush and LBJ ran 'guns and butter' presidencies -- that is, spending other people's money was their specialty...

http://www.independent.org/newsroom/article.asp?id=1642


Informant: Thomas L. Knapp
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