Do a search and you will discover it was the tax RATE cuts under Reagan, passed by the Dims in Congress by the way, that lead to the increased revenue in the nineties that led to balanced budgets, not cuts in federal spending.
You forget it was the Carter years and the double digit inflation rates and
18% >> It makes sense to eliminate as much taxation as possible, then to start
>> cutting the entitlement programs to match the tax cuts. Then start
>> cutting again and eliminating programs again. Repeat. Tax revenues will
>> actually increase due to the economic stimulii tax cuts produce. >
> You've fallen for the big con.
>
> The cut of the top rate from 70% down to 28%, by Reagan, did stimulate the
> economy, but it was too far of a cut and Reagan eventually raised taxes,
> as did Bush Sr, and Clinton. The result was an eventual balancing of the
> budget during the Clinton administration. Bush Sr. can blame his very
> minor tax increase on his loss in 1992.
>
> Just how low do you think taxes should be cut? Do you believe that there a
> lower limit where they no longer produce any stimulus? Or do you believe,
> along with the neo-cons, that bankrupting the country through massive
> deficit spending is the preferred path to take.
>
> I suggest you read _THE BIG CON_ The True Story of How Washington Got
> Hoodwinked and Hijacked by Crackpot Economics, by Jonathan Chait.