Quote:
Originally Posted by whell
...as a result of protected overspending decisions. Which has nothing to do with supply side economic theory. Still don't understand the basics, do ya?
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Yes it does. It has always been a feature of supply-side economics, from Reagan to Dubya to Trump. Republicans cut taxes and spend like drunken sailors when in power insisting that tax cuts will somehow magically provide the requisite revenue (something it has never done(because it can't)). Then they proclaim the need for austerity when Democrats take over. It has always been thus. They had a chance to show they could do it otherwise, but failed miserably.
https://www.esquire.com/news-politic...-debt-deficit/
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As long as the roots are not severed, all will be well in the garden.
Last edited by finnbow; 04-10-2018 at 07:27 AM.
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