Reagan's Record versus Bill Clinton's Record
Two things that clearly did not cause it are smaller government and lower taxes, because this legendary Reagan revolution barely happened. Federal government spending was a quarter higher in real terms when Reagan left office than when he entered. As a share of GDP, the federal government shrank from 22.2 percent to 21.2 percent—a whopping one percentage point. The federal civilian work force increased from 2.8 million to 3 million. (Yes, it increased even if you exclude Defense Department civilians. And, no, assuming a year or two of lag time for a president's policies to take effect doesn't materially change any of these results.)
Under eight years of Big Government Bill Clinton, to choose another president at random, the federal civilian work force went down from 2.9 million to 2.68 million. Federal spending grew by 11 percent in real terms—less than half as much as under Reagan. As a share of GDP, federal spending shrank from 21.5 percent to 18.3 percent—more than double Reagan's reduction, ending up with a federal government share of the economy about a tenth smaller than Reagan left behind.
And taxes? Federal tax collections rose about a fifth in real terms under Reagan. As a share of GDP, they declined from 19.6 percent to 18.3 percent. After Clinton, they are up to 20 percent. It's hard to think of variations in this narrow range as revolutionary one way or the other. For most working Americans, the share of income going to taxes (including FICA) went up even under Reagan.
Source for this quote. Actually, I agree with the request to provide sources for all quotes. Sorry I missed this one.
Reagan's Record
Sorry to spoil the birthday party, but …By Michael Kinsley
Posted Friday, Feb. 9, 2001, at 3:00 AM ET
http://www.slate.com/id/100474/
Ronald Reagan's 90th birthday has set off a national debate about the Reagan presidency. Was it as wonderful as we thought at the time? Or, on the other hand, was it even more wonderful? Happy birthday to Mr. Reagan, a genial, well-meaning, patriotic man, who never (we presume) had oral sex near the Oval Office. A great leader, too, in the general view—and on the question of leadership, the general view is, by definition, hard to dispute. On most other subjects, though, objective fact may be worth consulting as well. On that basis, Reagan's achievements as president appear in hindsight to be just about exactly as wonderful as I thought at the time. Not very.