In 1981, the supply siders commandeered the Reagan Presidency and employed their Voodoo economics,
as Bush senior had called it in 1980. He was saying that tax cuts would
not increase government revenues. As you can see on the graph above (or get the update and more with this New App),
the Voodoo failed just as Bush predicted, and the supply siders turned a
32-year winning streak into a debt disaster that continues to this day.
For 20-years, under Reagan and the Bushes, the national debt increased
compared to GDP every single year. In most other years it decreased.
Twenty years in a row can't be just an accident, but to understand you
need to learn the voodoo strategy. (Why graph Debt / GDP ?)
What's causing today's huge deficits? Deficit basics.
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