Republican Rep. Patrick McHenry from North Carolina wants Congress to tell the U.S. Treasury to replace former President Ulysses S. Grant on the fifty dollar bill with former President Ronald Reagan. Here are five reasons why Reagan's legacy shouldn't be honored in this manner:
- Supply side economics. Reagan's philosophy that cutting tax rates for the rich would increase revenues and eliminate the federal deficit. The debt tripled during his time in office.
- Reagan was a snitch for the FBI during the McCarthy era communist witch hunts.
- The deregulation of many industries under Reagan's watch, including the banking industry. That turned out to be a good plan, eh?
- The explosion of the HIV/AIDS epidemic. Reagan did little to prevent the spread of the deadly virus. In fact he never once said the word AIDS publicly. Can you imagine the beating President Obama would take if he completely ignored the H1N1 flu epidemic?
- Ketchup is a vegetable. 'Nuff said.
There are many other issues I have with the Reagan legacy but I just don't have the dexterity to type all day! I also think that Congress would be better served working on more important issues rather than who graces our paper notes. If they must pursue passage of this kind of legislation they should start by removing Andrew Jackson (President Trail of Tears) from the twenty dollar bill, just not with Ronald Reagan...
I first read this story at The Huffington Post.
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