Quote:
Originally posted by Tyrone Slothrop
As Burger said, it went to revenues, not to spending. The Republicans of the 1980s had economic snake oil to justify cutting taxes, but they didn't think about the possibility that you might cut taxes without also cutting spending. It's going to take an economic snake oil for the new millenium to also explain how you can cut taxes, spend more, and watch deficits disappear.
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Yes and electricity seemed like magic to a ignorant pygmy tribesman. There is no question that Supplier Sider theory will work in certain circumstances, whether we have had those circumstances and it has worked is open to debate. But if you don't understand how cutting taxes in certain situations even with increase spending will lead to increase revenue, you are simply not very bright.
