Quote:
Originally posted by Sidd Finch
And we went from "huge" deficits of $74BB in 1980 to deficits of $208BB in 1983.*
*I chose that year because it is just before Reagan started raising Social Security taxes to mask, somewhat, how obscene his policies were making the deficit.
Of course, there was lots of growth. The 1980 deficits were 2.7% of GDP, while the 1983 deficits were 6.0%.
|
Ignore the facts - don't you agree that something called supply sider economics by some, but not all, people can, occassionally, with the right assumptions, and given the right conditions, in the abstract, result in growth (measured in a particular way)?
Or are you ignorant?
