Supply-Side Economics

[finnbow]

Originally Posted by whell

There's no question that deficits increased in the 80's. They continued to increase in the 90's, '00's and '10's. Here we are in the '20's and ballooning deficits are a way of life. Why? Because spending has drastically increased.

Since the 1980's, deficits have climbed sharply under Republicans and fell under Democrats. The sharp increases in deficits were almost universally associated with supply-side inspired tax cuts by Reagan, Dubya and Trump.

Conservative "deficit hawks" only really seem to care about deficits when Democrats control the government, apparently thinking that the tax cuts they support and enact while they're in power will grow our way out of deficit spending (which they never do). And then they blame the subsequent Democratic administration for the increased deficits that their discredited "voodoo economics" is responsible for.

You need to come to terms with fact that supply-side economics is a sham deliberately designed by conservatives to rationalize tax cuts for the wealthy without the need for concurrent spending cuts (due to their promise of significant economic growth actually increasing revenue despite lower tax rates (which it has never done)).