Quote:
Originally Posted by aceventura3
... Supply side stuff. Along the way, they pay a hell of a lot in taxes, and carry a lot of people along with them. Supply Side, Supply Side, Supply Side.
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Supply side stuff, starting with Reagan, the biggest deficit spender up until that time (leaving the US with more debt than all preceding presidents combined) and followed by Bush's 01 and 03 tax cuts (at a cost of nearly $1 trillion in lost revenue, primarily from the top bracket) are a major contributing factor that got us into this mess.
Along, with cuts in R&D, cuts in infrastructure spending, missed opportunities to be a leader in developing emerging technologies....