Quote:
Originally Posted by aceventura3
I keep it simple because of the fact that very few here will even acknowledge the fact that supply side economics will have an impact even if marginal tax rates are at 100% and then cut.
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ace...I acknowldege that supply side economics has an impact.
It contribututes to the nation's debt in record amounts...first in the 80s, when we experienced the greatest debt increase in the nation's history (the debt increase in the Reagan years surpassed the total debt increase of all prior presidents combined) ...
....only to be surpassed by the second supply side experiment over the last eight years where the debt has increased from $5 trillion to $10 trillion and anywhere from 1/4 to 1/3 attributed to the impact of the Bush tax cuts