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Originally Posted by shakran
Sure, there was an economic boom after the Reagan tax cuts. There's an economic boom after just about ANY tax cut.
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What does that tell you?
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Originally Posted by shakran
The problem is that people buying TV's does not increase the money the GOVERNMENT is getting.
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First, I wouldn't consider that a problem. Second, why don't you consider increased payroll tax receipts (in stores, since I don't think there's an American-made TV anymore) and increased sales tax as money that goes to the government?
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Originally Posted by shakran
If the GOVERNMENT reduces the amount of money the GOVERNMENT is getting while at the same time increases the amount of money the GOVERNMENT is spending, then the GOVERNMENT will go broke.
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Solution: Government spends less. Great place to start: Get rid of Robert Byrd, the undisputed king of pork.
However, your premise is flawed, because Reagan's tax cuts increased government income. It's not a zero-sum game.
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Originally Posted by shakran
The economic boom created by Reaganomics was not sustainable, and that's why it was collapsing when Bush left office.
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Sorry, CBO figures confirm that Clinton inherited an improving economy. That's one of the few times I've seen Democrats act consistently--they give Clinton credit for a recovery that started before he was president, and give Bush the blame for a recession that started before HE was president.