Ah, yes, MAGAts. Trump IS fixing the economy

LotusBud

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Just not in the way you think.

  • Instead of an advanced economy that leads the world, the US is looking more like a troubled emerging market, according to a former IMF official, who also warned that there's no bailout big enough that could put things back on track or shield the rest of the global economy from the repercussions.

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"In 1980, Ronald Reagan won the presidency and sought to bring in a new age of fiscal austerity while also increasing the Pentagon’s budget. Supply-side economics, which essentially argued that tax cuts would pay for themselves by inducing economic growth, was just coming into vogue, and fiscally conservative dogma about tax cuts requiring budget cuts was out. The man in charge of reconciling all of Reagan’s promises was David Stockman, a former Michigan representative, whom Reagan named to lead the Office of Management and Budget. The question the new administration faced was: 'How is it possible to raise defense spending, cut income taxes, and balance the budget—all at the same time?' Part of Stockman’s education was the revelation that it was not," writes David A. Graham.
 

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LotusBud

LotusBud

Site Supporter
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9,774
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Portugal
This comment prolly fits here.

"In 1980, Ronald Reagan won the presidency and sought to bring in a new age of fiscal austerity while also increasing the Pentagon’s budget. Supply-side economics, which essentially argued that tax cuts would pay for themselves by inducing economic growth, was just coming into vogue, and fiscally conservative dogma about tax cuts requiring budget cuts was out. The man in charge of reconciling all of Reagan’s promises was David Stockman, a former Michigan representative, whom Reagan named to lead the Office of Management and Budget. The question the new administration faced was: 'How is it possible to raise defense spending, cut income taxes, and balance the budget—all at the same time?' Part of Stockman’s education was the revelation that it was not," writes David A. Graham.
The originator of so many of the US's sins.