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Originally posted by sgtclub
You're being cute right?
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Why, yes. Gosh, I'm blushing.
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So much for your theory that supply-side economics = voodoo economics.
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I'm not sure that's my theory, but let's take a look at the facts here. According to the article you posted, the deficit for 2005 thus far is $114 billion. $16 billion less than it was for the same period last year.
So, if the supply-side theory is that lower taxes will result in greater growth so as to offset any deficit effects... well, let's just say you're off by $114 billion. This year. So far.
And off by a cumulative $8 trillion since Reagan initiated the theory, despite the gains we made during the Clinton era of fiscal prudence.
