Ronald Reagan Dies

President Ronald Reagan has passed away after 10 years of Alzheimer's disease at 93 years of age. We appreciate everyone's prayers," Nancy Reagan said in a statement.

Nancy Reagan, along with children Ron and Patti Davis, were at the couple's Los Angeles home when Reagan died at 1 p.m. PDT of pneumonia, as a complication of Alzheimer's disease, said Joanne Drake, who represents the family. Son Michael arrived a short time later, she said.

🙁 🙁 🙁

I highly respected Ronald Reagan. 🙁 🙁 🙁

indeed, this was a sad day

indeed

Its sad. He was probably the greatest pres in my lifetime. 🙁

Just before D- Day rememberance 🙁
He will be respected and highly remembered by many Americans

I'm definetly no economics buff, but:

originally posted at Reaganomics:The Hidden Agenda:
Ronald Reagan left us a national debt of about $3.5 trillion or $3,500 billion.
The national debt when Ronald Reagan took office was about $1 trillion. That included in it all the debt run up for the Revolutionary war, the Spanish-American war, the Civil war, World War I, World War II, the Korean war, the Vietnam war and all the Social wars of the 1930's and subsequent years. In other words it took the United States from 1776 until 1980 or more than 200 years to accumulate a national debt of $1 trillion.
It took Reaganomics only 8 years to increase the national debt from $1 trillion to about $3.5 trillion!
Given the spending habits established by the legacy of Ronald Reagan the national debt is now about $5.5 trillion!
The interest cost on the national debt now run about $250 million a year! When RR took office they were about $53 million a year.

What was the economic and financial legacy left by Ronald Reagan?

as Gabriel said he did increase the national debt in a very big way, which was not such a good point, on the other hand he was very popular in the US.

He made those debts to help the american economy out of crisis, still there should have been another way to do that.

I have mixed feelings toward reagan

Reagon wanted to cut taxes and cut spending. However, Congress disagreed with that policy, so he was forced to have a budget that had cut taxes and increased spending.

well than congress was an ass, but I doubt it's only congress it's fault

Reagon believed in something called 'New Federalism' He wanted the states to tkae up more responsibilites and to reduce the power of the national gov't. That's why he wanted to cut spending. Congress disagreed with him, vetoed his budget and came up with their own that had taxes cut and spending higher, a recipe for deficit

I agree with Fire and Gabriel on this. He certainly left a legacy, but it wasn't at all a good thing.

with every president, there's always something good and something bad. He helped bring down communism, but created a huge budget deficit.

He's the oldest president too.

Its funny how in Reagens era the democrats controlled congress and they complain that he created a deficit... yet in Clintons era Republicans controlled congress and the democrats take credit for balancing the budget....
Congress mind you controls everything to do with money and budget. The President cannot even wisper anything related to money.

Will a Jellybean make everyone feel better?

RIP Mr. Reagon

Originally posted by Agent Elrond
with every president, there's always something good and something bad. He helped bring down communism, but created a huge budget deficit.

Yeah, now they pretty much have an anarchy. I won't say much though because I know next to nothing about the Cold War era and communist Russia.

Originally posted by Fire
I don't know enough about the cold war to judge how major that bringing down communism was, I think it was necessairy to defuse the situation but a lot of russians seem to think they were better of with the USSR

well, it made Americans feel safer; the risk for nuclear war was gone.