Democrat solutions

Democrat posters enjoy going negative so I thought it would be interesting to give them a chance to go positive and tell us how to solve the list of problems chemgator recently presented:
immigration
fentanyl
national debt
the Ukraine War
unemployment
poverty
education
global warming / natural disasters
government spending
Social Security reform
International relations

So Democrats, what are your thoughts on these issues?

Edit: I put government spending in bold because I think excessive spending is the #1 problem

 

Do you think the Democrats are fiscally responsible?

 

I'm responding to VA, hoping he (or anyone else) can provide a positive Democrat solution to the lack of gov't fiscal responsibility.

 

As I previously replied to docspor:

Nobel laureate Milton Friedman credits Ronald Reagan for the success of both the Reagan and Clinton economies. Clinton gets little if any credit.

Reagan deregulation and tax rate cuts helped the Reagan and Clinton economies.

Unlike what most any other president would do, Reagan backed Fed chairman Volker's tough monetary policy in order to beat inflation, even as it led to recession and pushed Reagan's approval ratings into the 30's.

Reagan decreased government spending as a percent of GDP after inflation was brought under control

Over the last 6 years of Reagan's term annual GDP growth averaged 4.5%

Average GDP growth during the Clinton administration averaged 4%. Friedman credits Reagan's tax rate cuts and deregulation and the excellent job done by Fed chairman Alan Greenspan for the Clinton economy. Greenspan was appointed by Reagan in 1987

What credit should Clinton get? Friedman says that because Clinton was a Democrat he couldn't get a lot of new spending passed by the Republican congress and that was good for the economy

 

Contrary to what VAg8t1 thinks, the biggest problem our economy has is not federal deficits, it's too much gov't spending.

Milton Friedman believed that gov't spending growth should be held below the rate of increase in national income. In other words, gov't spending as a percent of national income has to decrease.

Total gov't spending (federal, state, local) while Reagan was president declined by 4% as a percent of national income (44% to 40%). It would have declined more but Reagan had to deal with a hostile Congress. Today gov't spending is roughly 48% of nat'l income and the cost of complying with gov't regulation is an additional 10% of national income.

Below Milton Friedman explains why total gov't spending is a bigger problem than deficits. What plan do Democrats have to cut gov't spending as a percent of nat'l income?

 

Milton Friedman actually praised Reagan for supporting the Volker interest rate increase that beat down inflation, even as it caused Reagan's approval rating to drop to 36%. Friedman said he could imagine no other president in living memory doing what Reagan did.

The major decline in marginal income tax rates and the massive decrease in federal regulations under Reagan combined with excellent Fed policies from Alan Greenspan (appointed by Reagan) is responsible for the Clinton economy. Per Milton Friedman.

The last 6 years of the Clinton had Republicans controlling the House and Senate. Gridlock held down spending increases that Democrats wanted. That benefited the economy.

 

Looks like it. Not one Too Hot Democrat has a single positive idea to help solve any problem facing America?

Is Elon right? Have the Democrats turned into the party of hate and division? Who do they hate and why? Why are they so negative and divisive?

 

Give some examples or at least one. I think Friedman would love just about all of my main sources for almost all of their opinions. One exception would be that some of my sources like tariffs too much