Republicans: we are now against spending cuts, they're unpopular and won't work

[Nyvin]

Is there any evidence that Republican voters supported spending cuts anyway?

Not the kind of spending cuts that would even remotely come close to balancing the budget.

[Nyvin]

Therefore we need huge tax breaks for the wealthy, because that will generate so much growth that we have more revenue in the end and the wealth will somehow trickle down.

Honestly, the fact that Reagan was somehow able to sell this nonsense with a straight face and have half the country at the time believe him goes to show you how stupid people can be.

I guess that's the positive of having a TV Star elected president.    Unfortunately in the case of Trump he's running the White House staff a little to similarly to The Apprentice.

[Nyvin]

Therefore we need huge tax breaks for the wealthy, because that will generate so much growth that we have more revenue in the end and the wealth will somehow trickle down.

Honestly, the fact that Reagan was somehow able to sell this nonsense with a straight face and have half the country at the time believe him goes to show you how stupid people can be.

Tax Revenue went up from 517 billion in 1980 to 1.03 trillion in 1990. So Tax Revenues almost doubled in the 1980s, so no it was not the tax cuts that caused the deficits it was the increases in spending.

Of course it goes up in gross amount, if it didn't that wouldve been a disaster with inflation and the general growth of the economy over 10 years.

[Nyvin]

Therefore we need huge tax breaks for the wealthy, because that will generate so much growth that we have more revenue in the end and the wealth will somehow trickle down.

Honestly, the fact that Reagan was somehow able to sell this nonsense with a straight face and have half the country at the time believe him goes to show you how stupid people can be.

Tax Revenue went up from 517 billion in 1980 to 1.03 trillion in 1990. So Tax Revenues almost doubled in the 1980s, so no it was not the tax cuts that caused the deficits it was the increases in spending.

Of course it goes up in gross amount, if it didn't that wouldve been a disaster with inflation and the general growth of the economy over 10 years.

1980's revenue inflation adjusted  would be 801.56 billion , which means that an additional 200 billion in tax revenue came from economic growth . Also this is discounting the fact that the overall inflation rate dropped in the 1980s dramatically, so the fact is the economy did grow rapidly in the 1980s due to the tax cuts .

That's a very bold statement.