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  • Obama and the Age of Reaganomics

    08/01/2010 2:53:00 AM PDT · by Scanian · 2 replies · 1+ views
    The American Thinker ^ | August 01, 2010 | Jon N. Hall
    Certain ideas get so firmly fixed in some folks' brains that no amount of evidence can dislodge them. Such ideas become articles of faith. And one article of faith that is particularly deeply stuck in the minds of "the faithful" is that Reaganomics doesn't work. The big idea behind Reaganomics is that cutting tax rates boosts the economy, which results in more tax revenue. The history of the last three decades bears this out. The faithful have tried to disprove Reaganomics by contending that the 1993 tax rate hike is what gave us the good economy and the balanced budgets...