Claim: In Sen. Ted Cruz's twisted vision of economic history, Ronald Reagan cured double-digit unemployment by cutting spending and reducing the federal debt, and Jimmy Carter was guilty of "out-of-control regulation." In the real world: Total federal spending soared during Reagan's deficit-plagued first term, and the national debt nearly doubled. His budget director later resigned and wrote a book criticizing Reagan's failure to cut spending. And Carter signed landmark bills freeing airline, railroad and trucking rates from federal regulation,
Fact-check: Ted's Twisted History - FactCheck.org
Verdict: in sen. ted cruz's twisted vision of economic history, ronald reagan cured double-digit unemployment by cutting spending and reducing the federal debt, and jimmy carter was guilty of "out-of-control regulation." in the real world: total federal spending soared during reagan's deficit-plagued first term, and the national debt nearly doubled. his budget director later resigned and wrote a book criticizing reagan's failure to cut spending. and carter signed landmark bills freeing airline, railroad and trucking rates from federal regulation,
Organisation: FactCheck.org
Author: Brooks Jackson
Date published: 2013-03-19T20:18:38